#CryptoComeback 🪧 On May 9, 2025, the XRP token experienced a significant price increase, trading at around $2.35, marking an 8.5% rise over the past twenty-four hours. This increase follows Ripple's settlement with the U.S. Securities and Exchange Commission (SEC), which ended a legal battle that began in December 2020. The settlement includes a $50 million fine paid by Ripple and the return of $75 million of previously deposited funds.
The resolution of the lawsuit provided the necessary regulatory clarity for XRP, boosting investor confidence. Analysts indicate that XRP may target resistance levels at $2.72, potentially reaching $3.40 if the upward momentum continues.
Additionally, a notable transaction involving approximately $107 million worth of XRP was observed, indicating increased activity among major holders of the token. After addressing legal uncertainties, XRP appears poised for further growth, supported by market optimism and renewed investor interest!
