XRP Surges 2.23% as Whale Accumulation and Ripple-SEC Settlement Speculation Drive Market Momentum

XRP is currently trading at $2.2498 on Binance, reflecting a 2.23% increase over the past 24 hours, with robust 24-hour trading volume between $2.27 and $2.49 billion and a market capitalization of approximately $128.79 billion. The recent price uptick is primarily attributed to heightened speculation around a potential settlement between Ripple and the SEC, with an announcement anticipated on June 13, 2025, as well as positive sentiment ahead of the upcoming XRPL Apex Developer Summit where major network upgrades are expected. Additional factors supporting market activity include significant whale accumulation around $1.90 and a notable $100 million OTC XRP purchase by VivoPower, both contributing to increased investor confidence and liquidity. Technical indicators suggest consolidation below key resistance at $2.50, with ongoing regulatory developments and anticipated product updates serving as the main drivers of recent price action.