🚀 XRP Rockets 10% as Ripple-SEC Truce Ignites Market Frenzy

XRP just pulled off a gravity-defying 10% surge—proving once again that crypto thrives on regulatory whiplash.

Ripple's détente with the SEC sent shockwaves through the market, with traders piling into the embattled token like Wall Street bankers at a taxpayer-funded bailout buffet.

The rally defies three years of legal limbo, suggesting either:
- A fundamental reassessment of XRP's utility
- That markets will pump any asset that isn't actively being sued today

With the SEC's war chest depleted from endless lawsuits, even longtime bears are conceding this might be the start of a new chapter. Or at least until the next regulatory grenade gets lobbed into the crypto trenches.

Ripple ($XRP) has recently made a notable price increase over the past twenty-four hours. The market data reveals that Ripple ($XRP) has surged by 10% on Friday, indicating a rising investor interest. This development is reportedly occurring after the U.S. Securities and Exchange Commission (SEC) decided to withdraw legal appeals against Ripple. Now, following the settlement of the Ripple-SEC truce, $XRP is potentially set to attain new milestones in terms of price action.

$XRP’s 10% Rally Pushes Price to $3.29, Nearing ATH of $3.84

At present, Ripple’s ($XRP) price is nearly $3.29, indicating a notable 10% increase over 24 hours. This figure is reportedly very close to $XRP’s all-time high (ATH) of $3.84, which was witnessed 8 years ago. Simultaneously, the latest data also reveals a massive progress shown by $XRP futures.

In this respect, the $XRP futures have shown a noteworthy 200% growth in terms of trading volume. As a result of this, their trading volume now stands at $9.6B while open interest has touched $5B after a staggering 15% climb. Nonetheless, this has also raised the caution regarding heavy leverage that could trigger sheer pullbacks.

Chainlink ($LINK) and Ethereum ($ETH) Propel Ongoing Altcoin Rally

Simultaneously, chainlink ($LINK) and Ethereum ($ETH) are also among the major crypto tokens in the altcoin market that are leading the crypto rally. In this respect, Chainlink ($LINK) has seen a 10.83% spike, attaining the $21.01 mark in price.

However, ethereum ($ETH) has successfully surpassed the psychological level of $4,000. At the moment, its price is $4,080.11, displaying a 4.09% increase over 24 hours. With this, it is rapidly nearing the ATH of $4,891.70.

Momentum to Continue after Breakout above Bull Flag Pattern

Keeping this in view, $XRP presents a very bullish outlook, while having broken above a bull flag pattern’s upper boundary. Such a breakout often indicates a continuous upside. Amid the Optimism raised by growing volumes, chart projections also point toward a potential jump to $4.50, nearly 35% higher, in the next months.