XRP Records $2.98B in 24-Hour Volume Surge as Bulls Charge After SEC Lawsuit Ends

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XRP has re-entered the spotlight, recording a 71% spike in trading volume over the last 24 hours. According to data from CoinMarketCap, XRP’s trading volume surged to $2.98 billion, a clear sign of renewed market interest and intensified activity surrounding the digital asset.

This sudden surge in volume suggests that traders are positioning for potentially sharp price movements. XRP is up 2.47% in the last 24 hours and has gained 5.29% over the past week, trading at $2.47. The surge in bullish sentiment appears strongly tied to a recent legal development that’s given the XRP community a major boost.

SEC Lawsuit Ends, Ripple Prepares for IPO Rumors

In a pivotal turn of events, the United States Securities and Exchange Commission (SEC) has officially dropped its lawsuit against Ripple Labs. The lawsuit began in December 2020 and accused Ripple of selling XRP as an unregistered security. However, in 2023, Ripple scored a partial legal victory when a federal judge ruled that XRP does not constitute a security.

Though the SEC initially filed an appeal to challenge parts of the ruling, it has now withdrawn its case entirely. This resolution marks the end of a years-long legal battle and has significantly improved sentiment among XRP investors. Furthermore, rumours of a Ripple IPO are gaining momentum, giving traders more reason to bet bullishly on the asset.

Improving Market Sentiment Boosts XRP Inflows

The broader crypto market is also showing signs of recovery. According to a recent report by CoinShares, digital asset investment products saw $644 million in inflows last week, ending a five-week streak of outflows. Although Ethereum witnessed significant outflows of $86 million, XRP stood out with $6.77 million in inflows, reinforcing its growing investor appeal.

What Comes Next: Key Price Levels to Watch

With trading volume surging and legal uncertainties behind it, XRP faces a technically crucial moment. Analysts are closely monitoring the $2.35 to $2.55 trading range. A successful breakout above $2.55 could push the price toward the next resistance at $2.65 and potentially up to $3.00.

Conversely, XRP may retest support levels around $2.17 or even $2.00 if selling pressure returns. For now, $2.50 remains a critical pivot point. A decisive move above or below this level could determine the coin’s short-term direction.

Conclusion: Momentum Is Building

In summary, XRP benefits from bullish factors—improved market sentiment, institutional inflows, legal clarity, and rising speculation around Ripple’s IPO. With volume swelling and technical levels tightening, the coming days could be pivotal for XRP’s next major move. Investors and traders are watching closely as XRP reclaims its momentum in the crypto market.