XRP (XRP-USD) exploded past $2.25 this week. The rally charged ahead on a stampede of ETF speculation and landmark legal wins. The digital asset posted a 24% gain in just two weeks, surging from around $2.07 to $2.25. This wasn’t just another crypto pump. This was XRP’s comeback tour, and it’s hitting some high notes.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
XRP Price Surges as SEC Drops Appeal
The first big push came from the legal front. The U.S. Securities and Exchange Commission (SEC) officially dropped its long-standing appeal against Ripple. Ripple CEO Brad Garlinghouse confirmed the move, calling it the end of a “significant legal battle,” according to Axios. That legal cloud had hung over XRP for years. Clearing it sent a strong signal to the market.
XRP’s price responded fast. It jumped over 8% in 24 hours following the news. The SEC’s retreat was no small headline—it gave XRP room to breathe.
ETF Speculation Fuels XRP Buying Frenzy
But legal wins weren’t the only fuel. XRP got another boost from ETF speculation. Franklin Templeton, managing $1.7 trillion in assets, filed for a spot XRP ETF in March, according to CoinGape. That sent whispers through the crypto world. Institutional money could be gearing up for XRP.
Adding to that momentum, whale transfers lit up the blockchain. A massive 200 million XRP—worth $355 million—moved to Binance, according to Globe Newswire. Although, the bigger takeaway is that whales are active. XRP’s liquidity is real.
Analysts See XRP Heading Higher
Some analysts see even more upside. One pseudonymous trader known as Papa predicted XRP could hit $14, despite the noise, according to TradingView. And technically? XRP still shows signs of a macro breakout.
This isn’t just hype. Legal clarity, ETF filings, and big-money moves are stacking up. At the time of writing, XRP is sitting at $2.27.
