Ripple XRP Price Starts Rally as SEC Files Settlement

Ripple’s legal war with the U.S. Securities and Exchange Commission (SEC) is officially nearing its end, and the crypto market is already responding. XRP, the native token of Ripple, surged over 8% in early Thursday trading after news broke that the SEC and Ripple had filed a joint request for an indicative ruling to finalize a settlement agreement.

XRP Price | Source: CoinMarketCap

At the time of writing, XRP is trading around $2.28, up 7% in just 24 hours earlier. While the price has corrected a bit for now, since the announcement the rally was strong enough to break $2.3 today.

Analysts now eye resistance at the $2.5 level, with some suggesting a breakout to $3 is possible. And if settlement approval comes swiftly and macro conditions remain stable the price predictions wild enough to $7 and $20.

The final ruling is still pending, the market is clearly betting on a favorable outcome. Should the court approve the joint request, XRP could be primed for a massive rally.

XRP’s price jump is a clear signal of market optimism. Traders and long-time holders see the settlement as the final chapter of a regulatory saga that began in 2020 and cast a shadow over XRP’s performance for years.