Ripple reached an agreement with the SEC staff to resolve the ongoing legal battle. This is a positive step for Ripple and XRP investors, but does not guarantee a price surge for the cryptocurrency. A crypto analyst warns that while there’s hope for a rebound in XRP’s price, potential dips remain a risk. Crypto analyst Crypto Patel explains that after bouncing off of support around $1.60, XRP saw a 28% increase. However, this rise was followed by a decrease as investors may have entered at the peak of the market and are now facing a pullback. He also points to crucial support zones identified by the Fair Value Gap (FVG) metrics, suggesting that if XRP falls below these levels, a potential decline could happen. Patel’s optimism lies in the future’s bull market where he expects a price surge toward $7 to $10, but warns traders to focus on strategic entry points during dips into major support zones rather than at peak prices. The agreement with the SEC is viewed as positive for XRP and has fueled discussions about its impact on the cryptocurrency market, though it doesn’t eliminate risks that are currently present.