XRP is currently trading at $2.39 with a 3.08% increase. The recent surge in XRP's price is attributed to the SEC's settlement filing in the Ripple case, which has boosted investor confidence. Here's what's happening ¹:

Key Developments

- *SEC Settlement*: The SEC has filed a settlement request in the Ripple case, which could lead to a $50 million fine for Ripple and the return of remaining funds from escrow.

- *Court Ruling*: Judge Torres is expected to issue an indicative ruling on dissolving the injunction and releasing escrow funds. If approved, the SEC and Ripple will jointly seek a limited remand to pursue the proposed resolution.

- *XRP-spot ETF*: A favorable court ruling and withdrawal of appeals could pave the way for an XRP-spot ETF market, potentially driving XRP demand.

Market Outlook

- *Short-term Catalysts*: Court rulings, appeal resolution, XRP-spot ETF developments, and broader macro trends like US-China trade talks will influence XRP's price.

- *Key Support*: $2.10 is a crucial support level, while a break above $2.50 could fuel a push to $3.00 and test the all-time high at $3.5505.

Expert Insights

- Pro-crypto lawyer Bill Morgan believes the court will consider public interest, including the support of millions of XRP holders, when deciding on the settlement.

- Market intelligence platform Santiment notes that sentiment is quite bullish, which can be a double-edged sword for upcoming price movement ² ³. #Xrp🔥🔥