XRP surged over 12% to surpass the $2 mark amid strong trading volume, fueled by geopolitical tensions and renewed optimism surrounding Ripple’s legal battle with U.S. regulators. The rally coincided with the unexpected reappearance of Arthur Britto, a Ripple co-founder, after nearly 14 years of silence.
Key Developments Driving XRP’s Rally
Price Surge:
- XRP climbed from $1.968 to $2.2018 within 24 hours, supported by robust trading volume (CoinMarketCap).
- The token rebounded sharply after dipping below $1.97, with buyers injecting 130 million in volume.
Arthur Britto’s Return:
- Britto, co-creator of the XRP Ledger, resurfaced with a cryptic post on X (formerly Twitter), his first public activity since 2011.
- Ripple CTO David Schwartz confirmed the authenticity of the post, dispelling security concerns.
Ripple vs. SEC Settlement:
- Ripple and the SEC filed a joint motion seeking final court approval to resolve their legal dispute.
- If approved, the settlement would release a $125 million escrow fund and end pending appeals.
Technical and Market Sentiment
Bullish Indicators:
- Futures open interest and on-chain data suggest institutional accumulation.
- Analysts project a potential rally to $6 if momentum holds.
Bearish Risks:
- Resistance near $2.17 could trigger a 25% correction, potentially pushing XRP back to $1.55.
Wider Crypto Context
While XRP dominates headlines, other assets like Dogecoin (bolstered by Elon Musk’s endorsements) and eco-friendly mining projects are gaining traction.
FAQ
Q: Why did XRP price surge?
A: The rally was driven by Britto’s reappearance, legal optimism, and geopolitical market dynamics.
Q: What’s next for Ripple vs. SEC?
A: A court decision on the joint motion could finalize the settlement or prolong litigation into 2026.
Q: Is XRP a good investment now?
A: While technicals show promise, volatility remains high. 👉 Learn more about crypto trends.
Keywords: XRP, Ripple, SEC settlement, Arthur Britto, crypto rally, XRP Ledger, blockchain news
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