XRP Trading Surges $12.4B After SEC Case Dismissal Amid Price Volatility

XRP experienced significant price volatility following the resolution of its longstanding legal dispute with the U.S. Securities and Exchange Commission (SEC), which was settled for $125 million and resulted in the dismissal of appeals, removing a major regulatory overhang. The settlement caused a surge in institutional interest and trading volumes, which increased by over 200% to $12.4 billion, driving XRP's price up as high as $3.32 before profit-taking and market volatility led to a pullback to around $3.14. Technical indicators show mixed signals, with XRP's RSI indicating neutral momentum but the MACD suggesting growing bearish pressure in the short term. Despite the retreat, key support levels around $3.13 have held firm, while resistance near $3.27 defines a near-term trading range. Ripple's recent $200 million acquisition of the stablecoin platform Rail also supports XRP’s fundamental value in cross-border payments, reinforcing optimism about its long-term prospects amid broader macroeconomic uncertainties. Overall, the legal clarity offers XRP a relative advantage in the crypto market, even as traders balance profit-taking and respond to external economic factors.