$XRP is currently trading at $2.40 with a 1.65% increase over the last 24 hours. The cryptocurrency's market capitalization stands at $140.62 billion, with a 24-hour trading volume of $4.91 billion. Here are some key updates ¹:
- *Recent Price Movement*: $XRP surged to a six-week high of $2.4273 after the SEC's Ripple settlement filing, sparking renewed bullish sentiment in the crypto market.
- *SEC Settlement*: The SEC and Ripple have reached a $50 million settlement agreement pending judicial approval. This development has led to increased demand for XRP, with some analysts predicting the price could hit $3.
- *Market Outlook*: XRP's price performance is influenced by various factors, including future court rulings, progress on XRP-spot ETF filings and macro developments like US-China trade talks.
- *Key Support and Resistance*: $XRP has key support at $2.10, and a breakout above $2.50 may pave the way for a test of $3.00, challenging the all-time high of $3.5505.
- *Regulatory Environment*: SEC Commissioner Caroline Crenshaw dissented, warning the settlement weakens enforcement and investor protections in crypto, highlighting the partisan divide on crypto policy ².
