XRP News Today: XRP surges 10.77% to $3.26 as Ripple settles $125 million SEC fine

XRP, the cryptocurrency associated with Ripple, has experienced a significant surge, with its price skyrocketing by 10.77% overnight, reaching $3.26. This rapid increase has brought the price within 15.15% of its all-time high of $3.84, sparking speculation about whether XRP can hit this milestone within the next 24 hours. The price rally is driven by bullish technical confirmations and renewed investor optimism, particularly following Ripple's settlement of a $125 million fine in its lawsuit against the U.S. Securities and Exchange Commission (SEC).

The recent price surge in XRP is supported by a notable increase in Futures Open Interest (OI), which has reached a 6-month high. This indicates heightened participation from traders and speculators, suggesting a strong directional move. The open interest has climbed rapidly in parallel with the XRP price, signaling increased trader commitment and potential for further price volatility. This technical pattern, which had capped prices since early 2025, has now been decisively broken, opening the door for XRP to reach the next resistance level near $3.59 before challenging the all-time high of $3.84. If XRP successfully reclaims this level, there is optimism that it could hit a new all-time high at $4.

However, traders should be cautious as the Relative Strength Index (RSI) is currently in overbought territory at 86.10, indicating extreme bullish momentum but also suggesting a potential short-term cooldown. As long as XRP holds above the $2.88–$3.00 support zone, bulls are likely to remain in control. The rally in XRP's price comes after a period of consolidation, with the cryptocurrency experiencing a significant increase against Bitcoin in July. If the momentum holds, XRP's market cap could extend to over $250 billion, nearing a record high. The upcoming launch of the XRP futures ETF in the United States has further fueled demand, with investors eagerly anticipating the news. This surge in price has completely reversed market sentiment, with XRP now soaring towards levels not seen since 2018.