XRP News: Price Explodes 11% as Ripple Finally Beats SEC in Historic Victory

XRP (Ripple) jumped double digits after Ripple Labs officially won its battle against the SEC, sending institutional money flooding back into the crypto. The token smashed through key resistance levels as trading volumes went absolutely wild.

XRP rocketed 11% in just 24 hours, shooting from $2.90 all the way up to $3.27 before cooling off around $3.22. This happened right as Ripple and the SEC finally called off their years-long legal war by dismissing all appeals. Now institutions can finally jump in without worrying about legal drama.

XRP Price Gets Massive Institutional Backing

The real story is the money - institutional trading volumes exploded 208% to hit $12.40 billion. That's big money making big moves. Derivatives open interest also jumped 15% to $5.90 billion, showing the smart money is betting this rally has legs.

XRP took a quick dive from $3.24 down to $3.16 early in the session, but buyers swooped in hard at that $3.15-$3.16 support zone. Then came the late-session breakout that smashed through $3.22 resistance.

What's Next for XRP (Ripple) Price

Now that the legal cloud is gone, XRP has clear sailing. The $3.15-$3.16 zone looks solid as support, while $3.24-$3.27 is the next big test. Some Wall Street desks are already throwing around $4.50-$5.00 price targets.

If XRP can punch through that $3.24-$3.27 resistance cleanly, we could see serious acceleration toward those higher targets.