Overview

• XRP's price surged over 3% in the past 24 hours and 21% in the past week, trading near $2.55, supported by bullish market sentiment.
• Speculation about a potential settlement between Ripple Labs and the SEC has fueled optimism, signaling progress in the long-standing legal battle.
• Key macroeconomic factors, including easing U.S.–China trade tensions and softer-than-expected inflation data, have boosted risk appetite in crypto markets.
• XRP's derivatives market saw a 150% spike in trading volume and a 14% rise in open interest, with over 70% of Binance traders betting on further price increases.
• Analysts highlight a failed bearish head-and-shoulders pattern and project bullish price targets ranging from $2.85 to over $3.40, with no major resistance ahead according to on-chain data.