Recent changes in XRP futures trading volumes and cryptocurrency price are linked to the conclusion of the long-standing legal case between Ripple and the SEC.
XRP Futures Volumes Surge
XRP futures volumes surged over 200% in the past 24 hours to $12.4 billion, surpassing Solana’s $9.6 billion. The rise in volumes often indicates increased trader interest, especially following major news like the settlement of the legal dispute.
Technical Aspects and Price Support
XRP's price also broke above the upper trendline of a bull flag pattern. The largest concentration of token holders is in the $2.80–$2.82 range, which may serve as a key support level if prices begin to decline.
Price Projections for XRP
Analysts predict that XRP's price may reach $4.50 by September or October based on technical analysis. Some experts, such as Milkybull Crypto, also forecast XRP could rise to $5-8 by the end of 2025.
Thus, the recent changes in trading volume and XRP price may indicate significant market movements, with bullish sentiments confirmed by rising futures interest following the legal conclusion.
