Current Price and Market Status

XRP's current price is $2.41, with a 0.68% increase in the last 24 hours. The market cap stands at $136.78 billion. The cryptocurrency has seen significant price movements, with predictions suggesting it could hit $3 following a $50 million settlement agreement between Ripple and the SEC.

## Recent Developments

- *SEC Settlement*: Ripple and the SEC have reached a settlement agreement pending judicial approval, which could potentially end the longstanding legal battle. The agreement involves Ripple paying $50 million in penalties and lifting the injunction on $125 million in escrowed penalties.

- *XRP ETF*: WisdomTree has filed an S-1 registration statement with the SEC for an XRP ETF, which could boost institutional investment in the cryptocurrency.

- *Ripple's Quarterly Reports*: Ripple CEO Brad Garlinghouse announced that the company will end its quarterly XRP Markets Report updates after Q2 2025, shifting to more flexible reporting via the company's website and social channels.

## Market Outlook

XRP's price is expected to surge further, with predictions targeting $3.57 based on technical analysis. The cryptocurrency's uptrend is supported by increased buying activity from investors and a surge in XRP futures open interest to a new all-time high of $4.24 billion.

## Key Metrics to Watch

- *Whale Accumulation*: Ripple whales have accumulated over $1.8 billion worth of XRP tokens amid a 200% rise in weekly active addresses.

- *Institutional Demand*: XRP ETPs recorded $37.7 million in net inflows during Q1 2025, pushing year-to-date inflows to $214 million.

- *On-chain Usage*: XRP Ledger's on-chain usage moderated after experiencing strong growth in late 2024, with wallet creation and transaction volumes falling by 30-40%. $XRP