The price of $XRP soared after a 200% increase in futures volume following the conclusion of the Ripple lawsuit

The price of XRP could continue to rise towards $4.50 in the coming months, as it is emerging from a classic bullish continuation pattern.

It has risen more than 10% since Thursday, when Ripple and the U.S. Securities and Exchange Commission (SEC) agreed to dismiss their mutual legal appeals.

The futures volume of XRP surpasses that of Solana

The trading volume of XRP futures skyrocketed more than 200% in the last 24 hours, reaching $12.4 billion and exceeding Solana's $9.6 billion, according to the on-chain data resource Glassnode.

The increase in futures volume often reflects greater interest from traders and speculative positioning, especially after significant news events. In the case of XRP, it marks the end of the prolonged SEC lawsuit against Ripple.

Open interest, which shows the value of unsettled futures contracts, also rose by 15% to around $5 billion.

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