$BTC

On May 9, 2025, the XRP currency saw a significant increase in price, trading at around $2.35, recording an 8.5% rise in 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 in previously deposited funds.

The resolution of the lawsuit provided the necessary regulatory clarity for XRP, boosting investor confidence. Analysts suggest that XRP may target resistance levels at $2.72 and could reach $3.40 if the upward momentum continues.

Additionally, a notable transaction involving approximately $107 million of XRP was observed, indicating increased activity among large holders of the currency. After addressing legal uncertainties, XRP appears poised for further growth, supported by market optimism and renewed investor interest.