XRP Surges 5.52% as Ripple and SEC Move Towards Settlement

XRP, the cryptocurrency associated with Ripple, has recently garnered significant attention by recording over $3 billion in daily trading volume. This surge comes as investors respond to both market dynamics and a major development in Ripple’s longstanding legal battle with the U.S. Securities and Exchange Commission (SEC).

After experiencing a session low of $1.94 on Friday, XRP made a notable recovery, climbing to $2.15 by Saturday. This represents a 5.52% gain over the previous 24 hours, reclaiming critical price support. The rebound was fueled by a sizable on-chain movement involving Ripple, where 200 million XRP, valued at over $402 million, was transferred to an unidentified wallet. This transaction sparked curiosity among analysts and market watchers, who are closely monitoring the potential implications for XRP’s price trajectory.

On-chain analytics firm Glassnode revealed that XRP’s last major price spike in February was driven largely by a wave of new capital. During that period, XRP’s realized market capitalization soared from $30.1 billion to $64.2 billion, a nearly $34 billion jump fueled mainly by fresh investor entries. However, that retail-led surge has since cooled, with inflows slowing down in recent weeks. Despite this, a notable transformation in ownership patterns remains: older holdings now account for roughly 63% of XRP’s realized cap, a sharp increase from just 23%. This shift indicates that while retail enthusiasm drove the rally, many of these newer investors now hold XRP at relatively high entry prices, making the asset more vulnerable to market corrections.

With trading volume surging and XRP attempting to reclaim higher ground, all eyes are now on whether the digital asset can sustain its upward trajectory. Analysts suggest that continued capital inflow and elevated volume could trigger another run at key resistance zones. Conversely, a slowdown in momentum might see XRP enter a sideways trading phase until a new catalyst emerges.

One such potential catalyst is the latest legal update: Ripple and the SEC have taken a decisive step toward ending their years-long courtroom clash. The two parties have filed a joint motion with the U.S. Court of Appeals for the Second Circuit, requesting a pause on their respective appeals while they finalize a settlement agreement. Attorney James K. Filan shared the news on social platform X, revealing that both Ripple and the SEC have reached an agreement in principle. The motion states that no further legal briefs will be submitted, and the case will remain on hold pending approval from the SEC’s commissioners. This filing confirms what Ripple CEO Brad Garlinghouse hinted at last month — that the SEC is preparing to withdraw its appeal originally filed in October. Ripple, for its part, is also expected to pull back its cross-appeal.

As XRP regains traction on both the market and legal fronts, the asset may be entering a pivotal phase. The resolution of the SEC lawsuit — a long-standing overhang — could clear the path for broader institutional engagement and renewed investor confidence. Should current trends continue, XRP could be poised for a sustained rally, especially if legal clarity and market momentum align in the coming days.