XRP News: Potential Ripple-SEC Settlement Fuels XRP Price Surge

XRP has experienced a notable price increase, believed to be linked to the possible resolution of the legal dispute between Ripple and the US Securities and Exchange Commission (SEC). Markets are speculating that the legal battle, which has been ongoing since December 2020, may soon reach a settlement.

XRP Price Surge Linked to Potential Ripple-SEC Settlement

XRP has gained approximately 7% over the past three days, pushing its price above $2.47. This upward movement is closely linked to ongoing legal proceedings between Ripple and the US Securities and Exchange Commission (SEC), which markets predict could soon come to an end. The legal battle began in December 2020 when the SEC sued Ripple and its executives for conducting an unregistered securities offering by selling XRP. However, a significant turn occurred in July 2023 with a ruling that Ripple did not necessarily offer XRP to investors.

XRP Price Set to Explode to $10? Attorney Predicts Lawsuit Will End Before ETF Approval

The XRP price has risen by 2.5% in the past 24 hours, reaching $2.48, as prominent crypto-focused lawyer Jeremy Hogan predicts that Ripple’s lawsuit with the SEC will end before any XRP ETFs gain approval. Despite a 3% drop in the past week and a 20% decrease in the past fortnight, XRP still retains a healthy 366% increase in the past year, indicating medium- and long-term momentum for further rises when the market enters a more bullish phase.

Trump family project WLFI partners with Ripple-linked Ondo Finance, announcement taken down

WLFI, a Trump family project, has reportedly partnered with Ripple-linked ONDO Finance, according to a deleted post on X. The partnership aims to integrate Ondo's tokenized assets, including USDY and OUSG, into WLFI's network as treasury reserve assets. This collaboration will enable WLFI users to access Ondo Global Markets, a platform designed for the tokenization of traditional financial assets like stocks and bonds. However, the announcement was taken down, possibly due to an early leak of the partnership.

XRP Price Poised for New All-Time High Run to $5

Over the past 24 hours, XRP has regained bullish momentum, reclaiming the $2.5 price level after a week of consolidation. Technical analysis suggests that XRP is still in a bullish setup, indicating a potential new all-time high run to $5. Key indicators like bullish RSI divergence and strong support levels hint at a possible surge in the coming weeks.