XRP Surges 2.62% as Settlement Rumors and ETF Hopes Ignite $2.46B Trading Volume

XRP is currently trading at $2.2470 with a 24-hour opening price of $2.1896 and a 2.62% price increase, supported by a 24-hour trading volume of approximately $2.46 billion and a market capitalization near $130 billion. The recent price movement is primarily attributed to renewed optimism surrounding rumors of a potential settlement between Ripple and the SEC, anticipated legal developments, and upcoming catalysts such as the XRPL Apex Developer Summit and possible ETF approval. Technical indicators remain mixed, with resistance at $2.50 and ongoing selling pressure from long-term holders, but market sentiment has turned positive as traders anticipate significant news and network upgrades in June 2025.