$XRP Ripple (XRP) has made significant progress in its legal battle with the U.S. Securities and Exchange Commission (SEC), with the price rising to $2.37. The token has increased by 8.8% this week, and strong bullish momentum is forming, with traders eyeing the key resistance level of $2.50.

However, this recent price movement is driven by a combination of favorable regulatory news, bullish market sentiment, and promising long-term price predictions.

XRP price increase driven by SEC settlement and market confidence

Ripple reached a significant settlement with the SEC, agreeing to pay a reduced fine of $50 million, far below the initial $125 million penalty.