$XRP As of May 10, 2025, XRP is trading at approximately $2.40, reflecting a modest 0.36% increase over the past 24 hours. The cryptocurrency has experienced a notable 9.4% rise over the past week, contributing to a market capitalization of around $140 billion.
🚀 Key Drivers Behind XRP's Momentum
Ripple-SEC Settlement
After more than four years of legal disputes, Ripple and the U.S. Securities and Exchange Commission (SEC) have officially reached a settlement. This resolution has alleviated regulatory uncertainties, bolstering investor confidence and contributing to XRP's price surge.
Whale Activity
On May 9, 2025, a significant movement occurred in the cryptocurrency market as a Ripple-affiliated whale transferred a total of 370 million XRP, valued at approximately $782 million, to unknown wallets. Such large transactions often signal institutional interest and can influence market dynamics.
**Market Sentiment and Technical Breakouts