XRP Surges 4.49% as Ripple Ends SEC Cross-Appeal, Triggers $3B Trading Volume and Market Optimism

XRPUSDT experienced a 4.49% price increase over the past 24 hours, rising from a 24h open of $2.1008 to a current price of $2.1952 on Binance. This upward movement is primarily attributed to Ripple’s decision to drop its cross-appeal against the SEC, effectively concluding the years-long legal dispute and reducing regulatory uncertainty around XRP. The resolution spurred increased trading activity and positive sentiment, with analysts noting price volatility and significant whale transactions, including large transfers by Ripple and other major holders. Despite a sharp price dip to $2.10 prior to the news, XRP rebounded and stabilized, supported by strong liquidity and a 24-hour trading volume between $2.79 billion and $3.15 billion. The market remains cautiously optimistic, with key support near $2.09 and resistance at $2.14-$2.17, as XRP consolidates within a $2.10–$2.20 range amid broader crypto market recovery.