XRP Rockets 8% as Ripple-SEC Legal War Concludes—$3 Target in Sight?
XRP just blasted past resistance levels after Ripple’s marathon courtroom battle with the SEC finally reached its endgame. The token’s 8% surge has traders dusting off their 2021 bull market playbooks—but can it really reclaim its $3 glory days?
Market Pulse: Liquidity floods back into XRP as regulatory uncertainty evaporates. The SEC’s limp settlement offer (rumored at a fraction of initial demands) gets Wall Street analysts sneering—’Another crypto fine that changes nothing but the lawyers’ yacht sizes.’
Technical Take: The daily chart shows XRP clearing its 200-day moving average with conviction. Next targets? $1.50 looks like a pit stop before the real test at $3—if the bulls can keep this momentum without the usual ’buy the rumor, sell the news’ crypto tantrum.
The wait is finally over for the XRP community. Ripple and the US Securities and Exchange Commission (SEC) have officially settled their long-running legal battle. Following this announcement, XRP’s price surged by 8%, reaching $2.31.
What Happened?
After years of courtroom drama, both Ripple and the SEC filed a joint motion in the US District Court for the Southern District of New York, confirming that they’ve reached a settlement. As part of the agreement:
- Ripple will pay $50 million to the SEC.
- Another $125 million, currently held in escrow, will be released — with a portion going to Ripple.
Crypto experts and XRP supporters believe this is a game-changing moment for the entire financial system. Now that the legal battle is behind it, XRP can more easily be adopted by banks, financial institutions, and investors without the cloud of uncertainty hanging over it.
Legal experts like James K. Filan, a former federal prosecutor, called this moment “huge,” while XRP community leaders celebrated the victory, reminding everyone about the ups and downs of the crypto journey.
Will XRP Price Hit $3?
XRP saw a strong and unexpected breakout, pushing above the key levels. The breakout above $2.17 is important because it shows that buyers are stepping in again. If this level continues to hold, XRP is likely back in its previous trading range — and from here, the next price target could be breaking $2.30 with confirmation. If momentum continues and Bitcoin also remains strong, XRP could even push beyond that toward $2.40 and higher in the coming days or weeks. Experts also predict that XRP could soon climb above the $3 level.
