After years of legal battles between the SEC and Ripple Labs, the case is officially over, prompting a sharp increase in XRP's value. This event has garnered significant attention from traders and investors alike.
Current Price Momentum
XRP is currently trading near $2.51 and has registered a price surge of over 13% in the past 24 hours. However, during the same period, its trading volume skyrocketed by 90%, indicating increased interest and confidence among investors following the end of the prolonged lawsuits.
XRP Technical Analysis and Upcoming Levels
With this impressive upside momentum, the asset has breached a descending trendline, which has been acting as resistance since January 2025. According to CoinPedia’s technical analysis, XRP now appears bullish and is poised for a massive upside rally. Based on the recent price action and historical patterns, if the asset closes a daily candle above the $2.51 level, there is a strong possibility it could soar by 35% to reach its all-time high of $3.50 in the coming days.
Traders Bullish Outlook
This legal victory against the SEC has shifted trader sentiment, with many now betting on the bullish side, as reported by the on-chain analytics firm Coinglass. Data reveals that traders are currently over-leveraged at $2.44 on the lower side, where they have built $37.75 million worth of long positions. On the other hand, $2.60 is another over-leveraged level, where traders hold $20 million worth of short positions.
The end of the SEC case marks a crucial turning point for Ripple and has significantly bolstered XRP's price. Investors and traders continue to closely monitor the situation, expecting further asset strengthening.
