Overview

• XRP has gained 21% over the past week, reaching $2.55 and overtaking Tether to rank third by market capitalization.
• The rally is fueled by rumors of a potential legal settlement between Ripple Labs and the SEC, resolving a multi-year lawsuit.
• Broader market sentiment improved with softer-than-expected April CPI data and U.S.–China tariff de-escalation boosting risk appetite.
• Technical analysis highlights a failed bearish head-and-shoulders pattern and a 14% increase in derivatives open interest as bullish signals.
• On-chain data shows strong liquidity and trader engagement, with 24-hour trading volume up 150% to $10.59 billion.