XRP Soars to $2.30 as Whale Activity and SEC Settlement Fuel Bullish Momentum

XRP’s price has surged past the $2.30 mark, driven by unprecedented whale activity and the recent SEC settlement filing with Ripple Labs. This development signals a potential end to the long-standing legal battle and has sparked a significant increase in trading volume and open interest, positioning XRP for further gains.

XRP Price Surges Past $2.30 Amid Record Whale Activity and SEC Settlement News

XRP’s price breached the $2.30 threshold as whale wallet holdings reached unprecedented levels. The surge follows a 14% spike in open interest and a 100% increase in trading volume within 24 hours, catalyzed by the SEC’s filing of a settlement agreement with Ripple Labs.

The regulatory resolution marks the near-conclusion of a multi-year legal battle alleging unregistered securities offerings through XRP sales. Market participants now await final court approval of the terms, which could set a precedent for crypto enforcement actions.

XRP Price Surges 27% Amid Legal Clarity and Market Momentum

XRP has broken through key resistance levels, rallying 27% this month to approach $2.40. The surge follows Ripple’s $50 million settlement with the SEC—a fraction of the agency’s initial $2 billion demand—removing a major overhang for the cryptocurrency.

Market dynamics are amplifying the move. Dollar weakness is creating favorable conditions for crypto assets, while exchange flows show growing institutional interest. Retail traders are piling in, with some analysts speculating about a potential $5 price target sooner than previously anticipated.

SEC Commissioner Criticizes Ripple Settlement, Warns of Weakened Crypto Oversight

US Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw has voiced strong opposition to the agency’s recent settlement with Ripple Labs, asserting that it undermines regulatory oversight and fails to safeguard investors. In a May 8 statement, Crenshaw argued that the agreement erodes the court’s and the SEC’s authority to enforce securities laws, signaling a broader retreat from effective crypto regulation.

"The settlement joins a line of dismissals that collectively erode the credibility of our lawyers in court who are being asked to take legal positions today contrary to the ones taken just months ago," Crenshaw said. "It stands in defiant contravention of the doctrine of regularity of government affairs."

Xpfinance Presale Gains Momentum Amid Ripple’s $50 Million SEC Settlement Buzz

XRP’s market sentiment surges as Ripple nears a potential $50 million settlement with the SEC, reigniting investor confidence across the ecosystem. Against this bullish backdrop, Xpfinance—the first fully decentralized lending protocol built exclusively for the XRP Ledger—has raised over 10,000 XRP in under 24 hours during its presale, already hitting 10% of its soft cap.

Analysts interpret this rapid uptake as a decisive shift among XRP investors toward authentic DeFi solutions. The presale’s early success underscores growing demand for native XRPL infrastructure as regulatory clarity looms.