XRP Surges 10% to $2.51 After Ripple Recovers $75M in SEC Settlement
Ripple Labs has reached a major legal milestone, settling all remaining appeals with the U.S. Securities and Exchange Commission (SEC) and recovering $75 million previously locked in escrow.
The resolution has triggered a wave of optimism across the crypto market, particularly for XRP, which surged 10% shortly after the announcement.
CEO Brad Garlinghouse called the move a “historic chapter closed,” stating, “The crypto war ends in failure for those who tried to use our government against innovation.” Ripple’s Chief Legal Officer, Stuart Alderoty, emphasized the company’s strengthened position and growing market confidence post-settlement.
This latest development effectively ends Ripple’s years-long legal battle with the SEC, removing a cloud of regulatory uncertainty that had hung over XRP since 2020. Analysts say the outcome marks a significant precedent in how crypto firms might navigate future regulatory scrutiny.
XRP Jumps to $2.51 as Market Cheers Clarity
The market responded swiftly to the legal resolution. XRP soared to $2.51, marking a 7.86% intraday jump and reflecting renewed investor confidence. Although trading volume dipped 15.16% to $2.77 billion, XRP still posted a 7-day gain of 9.08%. As of Tuesday, the token maintains a market cap of $142.97 billion, commanding 4.96% dominance in the total crypto market.
Key metrics from CoinMarketCap:
Current Price: $2.45
24h Trading Volume: $2.68 billion
Market Rank: #4
Market Cap: $142.35 billion
Circulating Supply: 58.16 billion XRP
Analysts suggest that Ripple’s legal closure may inspire other crypto firms to pursue similar negotiations, setting the stage for broader institutional adoption and regulatory frameworks that favor innovation over enforcement.
XRP Technical Outlook: Bullish Trend Holds
From a technical perspective, XRP/USD continues to hold a mildly bullish structure on the 4-hour chart. Price remains comfortably above the 50-period EMA at $2.41, reinforcing short-term buying interest. The pivot point at $2.4091 serves as immediate support, coinciding with both the EMA and a rising trendline.
Technical indicators:
RSI (14): 54.86 – Slightly bullish, with room to rise
50 EMA: $2.4075 – Price holds above, confirming trend support
Key levels to watch:
Immediate Resistance: $2.50
Next Resistances: $2.59 and $2.71
Immediate Support: $2.41
Deeper Support: $2.32 and $2.22
If XRP breaks above $2.50, it could quickly target $2.59. On the flip side, a drop below $2.41 would invalidate the bullish setup and open the door toward lower supports.
Conclusion:
Ripple’s SEC settlement has reignited bullish sentiment in XRP, with legal clarity driving fresh momentum. While technicals support a further rally toward $2.59, investors should monitor $2.41 as a key short-term support.
Key Takeaways:
Ripple settles SEC appeals, recovers $75M, and ends legal overhang.
XRP jumps 10% to $2.51, trading above key trendline and 50 EMA.
A breakout above $2.50 eyes $2.59 next; key support lies at $2.41.
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