The XRP currency witnessed a significant increase following the settlement announcement between Ripple and the SEC, as its price jumped by about 6% over 24 hours to touch the level of $2.37. Analysts believe that this agreement removes the uncertainty that has been pressuring the currency's price since 2020.

The settlement included Ripple paying a fine of $50 million, along with the recovery of another $75 million that was held. This agreement effectively ends the long-standing legal dispute and opens the door for Ripple to focus on expanding the uses of XRP in cross-border payments and new partnerships.

In the short term, traders are anticipating a breakthrough at the resistance level of $3, while some indicate the possibility of XRP reaching much higher levels in the long term with increased adoption of Ripple's technology in various financial sectors. However, the market is still closely monitoring future regulatory developments.

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