XRP Surges 6.96% as $50M SEC Settlement and ETF Decision Spark Market Momentum

XRPUSDT has risen 6.96% over the past 24 hours, currently trading at 2.3139 according to Binance data. The price surge is primarily attributed to optimism surrounding the proposed $50 million settlement between Ripple and the U.S. SEC, which, if approved, could resolve the ongoing legal dispute and provide regulatory clarity. Additional momentum is driven by anticipation of the SEC’s upcoming decision on the Franklin Templeton spot XRP ETF, which could further impact institutional adoption and price volatility. Trading volume has increased significantly, reflecting heightened market interest and speculative positioning ahead of these key legal and regulatory events. XRP’s market cap stands at approximately $133 billion, with technical indicators showing strong bullish momentum but signaling potential for short-term pullbacks due to an overbought RSI.