XRP has seen a remarkable rise of over 10% since the conclusion of the Ripple lawsuit against the US Securities and Exchange Commission (SEC). In the past 24 hours, XRP futures volumes surged by more than 200%, reaching $12.4 billion, surpassing Solana’s $9.6 billion. This surge in trading volume indicates heightened speculative interest following the legal resolution. Open interest in XRP has also climbed 15% to approximately $5 billion. The positive daily funding rate suggests that most traders are taking long positions, expecting further gains. The recent price movement has also broken above a bullish chart pattern, signaling potential further upside. Traditional analysis suggests a price target of $4.50, approximately 35% higher than current levels, by September or October. Analysts are optimistic, with some predicting XRP could reach $10 by the end of 2025. However, analysts caution that heavy long positioning may increase the risk of liquidations if prices decline. Notably, the price stability around the $2.80 to $2.82 range appears to provide significant support for XRP holders, who may defend their positions against a pullback.

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