XRP Price Jumps on SEC Settlement Motion, ETF Bets Rise
Ripple’s (CRYPTO: XRP) joint motion with the U.S. Securities and Exchange Commission to settle their years‑long lawsuit lit a fire under XRP, sending it up to $2.63. The surge comes amid $1 billion in fresh futures capital, rising wallet activity, growing DeFi utility, and ETF odds climbing.
The filing asks the court to lift the ban on institutional sales and slash Ripple’s penalty from $876 million to $125 million, a legal win that immediately spurred traders into action.
The legal catalyst stirred up the derivatives market. Futures open interest surged by $1 billion this week—up 41% from $2.42 billion to $3.42 billion across major venues, Glassnode reports. While spot volume barely budged, big players are stacking leveraged longs, betting this rally has legs.
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