XRP Surges 4.92% After Ripple Ends SEC Legal Battle, Whale Moves Trigger Brief Volatility

XRP experienced notable price volatility over the past 24 hours, primarily driven by the resolution of Ripple's long-standing legal case with the SEC. On June 28, 2025, Ripple officially dropped its appeal, signaling the end of the legal dispute and prompting a surge in investor optimism, which contributed to a price increase. This positive sentiment was briefly offset by significant whale activity and a $439 million XRP transfer by Ripple, causing short-term selling pressure and a temporary price dip. Despite this, the overall market reaction to the legal clarity has been positive, with XRP rebounding and trading at $2.1932 on Binance, up 4.92% from a 24-hour open of $2.0904. Trading volume remains strong, and the market is closely watching technical levels near $2.17 resistance and $2.09 support, with current sentiment cautiously optimistic following the case resolution and ongoing developments in interoperability partnerships.