XRP Surges Over 10% Following Ripple–SEC Truce, Broader Market Rally
Main Idea
XRP's price surged over 10% to $3.29 following news of Ripple and the SEC agreeing to dismiss their case, with futures trading volume surpassing Solana's and analysts predicting further gains.
Key Points
1. XRP futures trading volume surged over 200% to $12.4 billion in 24 hours, exceeding Solana's $9.6 billion.
2. Key support levels for XRP are identified at the $2.80–$2.82 price range, with over 1.70 billion tokens acquired in this band.
3. Technical analysis suggests a potential 35% upside for XRP, with targets of $4.50 by September and bullish forecasts of $5-$8 by 2025.
4. Expectations of a Federal Reserve rate cut in September could boost risk assets, including cryptocurrencies.
5. XRP's price rally is partly driven by optimism around the resolution of the SEC case and increased trading activity.
Description
XRP has jumped more than 10% since Thursday, trading at $3.29 after Ripple and the U.S. Securities and Exchange Commission (SEC) agreed to dismiss their respective legal appeals. The move brings an end to a multi-year legal battle that has weighed heavily on XRP’s market performance. Market analysts say the resolution has reignited interest among traders and investors. XRP Futures Activity Surpasses Solana In the past 24 hours, XRP futures trading volume surged more than 200% to $12.4 billion, s...
Latest News
- Trump-Linked Company Expands into Crypto Mining After $50M Raise2025-08-14 05:07:04
- Bitcoin Nears $119K Before Weekly Close as Almost $20bn of Liquidations Come Into Target2025-08-10 23:35:42
- XRP Surges Over 10% Following Ripple–SEC Truce, Broader Market Rally2025-08-09 03:21:29
- Trump Executive Order Opens Path for Crypto in 401(k) Plans2025-08-08 16:37:00
- Caldera Announces Partnership with EigenCloud to Integrate EigenDA V22025-08-07 19:57:59