As of May 10, 2025, $XRP is trading at approximately $2.39, reflecting a 2.38% increase over the past 24 hours.
The recent price surge is largely attributed to Ripple's settlement with the U.S. Securities and Exchange Commission (SEC). The long-standing legal dispute concluded with Ripple agreeing to pay a reduced penalty of $50 million, down from the initially proposed $125 million. Additionally, the SEC will return $75 million of previously escrowed funds back to Ripple.
This legal clarity has bolstered investor confidence, with $XRP 's market capitalization now exceeding $140 billion. Analysts from Standard Chartered project that XRP could reach $8 by 2026, driven by factors such as potential ETF approvals and increased institutional adoption.
Furthermore, the SEC's approval of ProShares Trust's $XRP ETF, set for public listing on April 30, has added to the bullish sentiment surrounding XRP.
In summary, the resolution of Ripple's legal challenges and the introduction of an XRP ETF have significantly improved the outlook for XRP, with analysts predicting substantial price growth in the coming years.