Here’s Why XRP Price is up 11% All of a Sudden

• XRP jumps 11% after Ripple’s long-standing legal battle ends.
• Trading volume surges as institutional interest grows in XRP.
• Macro trends and ETF news add momentum to XRP rally.

XRP has jumped 11.71 percent in the past 24 hours, moving from just above $3.00 to $3.35, based on CoinMarketCap data. Market capitalization now stands at $199 billion, while 24-hour trading volume surged 174.96 percent to $11.66 billion. The price rally gathered momentum late Thursday, with a sharp upward move that carried through early Friday, marking the highest level since late July.

The sudden price spike came immediately after the U.S. Securities and Exchange Commission and Ripple Labs agreed to drop their appeals in the Second Circuit Court of Appeals. According to market analysts, this legal resolution ends years of uncertainty over XRP’s regulatory status. The decision is seen as paving the way for more institutional participation in the U.S. market.

Technical analysis supports the bullish sentiment, showing a well-formed flag pattern that could point to targets between $8 and $15 over the long term. The move above the $3.33 support zone has strengthened the chance of retesting the near-record high of $3.60.

Also Read: Ripple vs. SEC Lawsuit Finally Over as Both Parties Jointly Dismiss Appeal

Key Drivers Behind the Sudden Price Increase

Options market activity has also played a role in the rally, with traders executing large long straddle positions in XRP. This strategy benefits from sharp price movements and signals expectations of continued volatility. Another catalyst came from Japan’s SBI Holdings filing for an ETF that will include both Bitcoin and XRP, increasing the potential for new investment inflows.

Broader market conditions have also added fuel to the rise. A U.S. policy shift allowing cryptocurrencies in 401(k) retirement plans has expanded the investor base. At the same time, anticipation of a Federal Reserve interest rate cut in September has boosted risk appetite for assets like XRP.

Institutional investors have been actively adding to their cryptocurrency holdings, with significant purchases reported in Bitcoin, Ethereum, XRP and Dogecoin. Falling inflation expectations and softer economic data have further encouraged this trend, leading to more capital flowing into the crypto market.

XRP’s sudden 11 percent surge is the result of a decisive legal win, strong derivatives positioning, favorable policy changes and growing institutional demand, all combining to lift prices sharply within a single day.

Also Read: Bitcoin (BTC) Surpasses $116,000 as Major Altcoins Show Strong Momentum

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