The #XRP’ markets today, climbing 7.99% in the past 24 hours to trade around $3.3192, after hitting a daily high of $3.3825 and a low of $3.3079. This sharp upward move followed a strong breakout from recent consolidation, with price spiking from a low near $2.7280 just days ago.
But the rally isn’t purely technical — a major legal breakthrough is fueling the momentum. Ripple and the U.S. Securities and Exchange Commission (SEC) have formally withdrawn their appeals, ending one of the most watched regulatory battles in the #crypto industry. This landmark decision brings long-sought clarity for #XRP in the U.S., removing a critical overhang that has shadowed its growth for years.
Beyond #XRP , the decision may mark a shift in the SEC’s approach, signaling cracks in its aggressive enforcement campaign against cryptocurrencies. This precedent could positively influence other leading projects like Coinbase and Ethereum, which have also faced regulatory uncertainty.
Trading volume has surged, with over 297 million XRP changing hands in the last 24 hours — a clear sign of heightened investor interest. Market whales are making moves, adding to the buzz and liquidity, while the Moving Averages (MA7 at $3.2674 and MA25 at $3.0752) point to strengthening short-term momentum.
The setup now presents a high-stakes scenario. If bullish sentiment holds, XRP could aim for another leg up, potentially targeting fresh yearly highs. However, the recent sharp climb also opens the door to heightened volatility should profit-takers step in.
Regardless of near-term swings, #XRP ’s surge — powered by legal clarity and strong market participation — has reignited attention on its potential. This moment could ripple across the entire crypto sector, shaping sentiment and strategy for weeks to come.