XRP Surges to Six-Month High Amid ETF Optimism and Legal Breakthrough Rumors

XRP saw remarkable growth in the crypto market today as its price surged to $3.35, climbing more than 10% in the last 24 hours and marking a six-month high. Market analysts attribute this sharp upward momentum to fresh optimism surrounding Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission. Rumors of a possible settlement and improved regulatory clarity have boosted investor confidence. Additionally, the recent approval of futures-based XRP ETFs and growing institutional interest, including major funds adding XRP to their portfolios, have triggered significant inflows from both retail and professional traders.

Whale accumulation and record-breaking trading volumes further highlight the robust demand for XRP, with experts noting that the cryptocurrency recently experienced a 30% surge within the span of a week. This bullish run comes on the heels of broader market recovery, as the overall sentiment in the cryptocurrency sector turns positive with geopolitical tensions easing and Bitcoin also posting gains. Many traders are now watching XRP closely, speculating whether it can soon test or even surpass its all-time high of $3.84 set back in January 2018. As excitement builds, XRP continues to draw attention as one of the standout performers in the current digital asset rally.