$XRP has experienced a notable price surge, currently trading around $2.37, fueled by positive developments in its long-standing legal battle with the U.S. SEC. Ripple and the SEC have reached a settlement where Ripple will pay a reduced penalty of $50 million, resolving the uncertainty that has weighed on XRP's price. This development, coupled with bullish market sentiment, has built strong upward momentum, with traders eyeing the $2.50 resistance level. Analysts predict further gains, with Standard Chartered forecasting a potential rise to $8 by 2026. The resolution of the SEC lawsuit is seen as a significant step towards regulatory clarity, potentially paving the way for increased institutional interest in XRP.