$XRP

### News and Major Events

1. Agreement with SEC:

- On May 8, 2025, Ripple and the SEC filed a joint agreement, requesting Judge Analisa Torres to lift the injunction and reduce the fine from 125 million USD to 50 million USD, pending approval. This marks a significant advancement in the lawsuit that has been ongoing since 2020, potentially paving the way for an XRP spot ETF.

- XRP surged to 2.3301 USD (a 10-day high) following this news, reflecting optimistic sentiment.

2. Macroeconomic Policy and Market:

- The US-UK trade agreement (with a reduced tariff rate of 10%) and Bitcoin surpassing 100,000 USD have created upward momentum for XRP, with a "risk-on" sentiment driving the entire cryptocurrency market.

- Short-term Forecast:

- Positive: If it surpasses 2.50 USD with high volume, XRP could reach 3.00 USD within a few days, thanks to the SEC news and market sentiment.

- Risks: Decreased network activity and profit-taking pressure (after a 600% rally in Q4 2024) could push the price back to 1.20 USD if the 2.00 USD support fails.

### Insights and Recommendations

- Positive:

- The SEC agreement and cryptocurrency-friendly policies under the Trump administration (Ripple supported 5 million USD in XRP for Trump) strengthen growth prospects.

- Risks:

- Low network activity and focus on the stablecoin RLUSD could overshadow XRP.

- Macroeconomic volatility (Fed interest rates, global trade) and ETF delays could limit upward momentum.

- Recommendation:

- Monitor resistance at 2.50 USD and support at 2.20 USD. Accumulate at the correction level (~2.00 USD) if looking to invest for the long term.

Note: The cryptocurrency market is high risk. Do thorough research before investing.