XRP Climbs 10% – Here is Why the Price Jumped All of a Sudden

Ripple Labs has officially ended its legal battle with the United States Securities and Exchange Commission, reaching a final settlement that closes all remaining appeals. Ripple has also recovered $75 million previously locked in escrow as part of the resolution.

The announcement triggered a sharp reaction in the crypto market, with XRP surging 10 percent in intraday trading. The token briefly hit $2.51 before stabilizing at $2.45, reflecting renewed investor confidence following the legal clarity.

Ripple’s CEO, Brad Garlinghouse, described the settlement as the end of a historic chapter for the company. He stated that those attempting to suppress innovation through government channels had failed.

Also Read: Big News For XRP: This Major Update From Ripple CLO Ignites XRP Community

Chief Legal Officer Stuart Alderoty also noted that the company now has a stronger legal and market position. The case’s conclusion removes the regulatory overhang that has affected XRP’s performance since late 2020.

Following the development, XRP retained its position as the fourth-largest cryptocurrency by market capitalization. It currently holds a market cap of $142.35 billion and dominates 4.96 percent of the total crypto market, according to CoinMarketCap.

Although trading volume dipped over 15 percent to $2.68 billion, XRP still posted a weekly gain of over 9 percent. Market watchers say the price reaction is primarily driven by improved sentiment and clarity around Ripple’s legal standing.

Settlement Sparks Technical Breakout and Market Confidence

From a technical standpoint, XRP remains bullish on the 4-hour chart. The price is above the 50-period Exponential Moving Average at $2.4075, reinforcing trend support.

The immediate support zone is $2.41, aligning with the EMA and a rising trendline. If that level holds, XRP may attempt to retest resistance at $2.50, followed by $2.59 and $2.71 if momentum continues.

Technical indicators also support a bullish view, as the Relative Strength Index stands at 54.86, suggesting room for further upward movement without being overbought.

Market analysts believe the legal outcome could inspire similar resolutions across the crypto sector. The case is a significant step toward clearer regulatory pathways for digital asset firms.

Conclusion

Ripple’s legal settlement with the SEC has sparked a sharp price increase in XRP, restoring confidence and removing longstanding uncertainty. With positive technical indicators, the token is positioned for further gains if support levels remain.

Also Read: Custodia and Vantage Banks Complete First Tokenization of U.S. Demand Deposits on a Public Blockchain

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