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Amid the ongoing legal battle between both Ripple (XRP) and the US Securities and Exchange Commission (SEC), both sides reached an agreement this week. According to the settlement terms described in the May 8 filing, $50 million would be paid to the SEC in satisfaction of the penalty, and the rest returned to Ripple. This In the past 24 hours, XRP price gained over 7.8 percent to trade at about $2.3 on Thursday, May 8 during the late North American trading session. If $XRP breaks Ripple and the SEC reach official settlement; XRP surges 8% to $2.31 as legal cloud lifts. With $50M paid to SEC and escrow funds released, XRP eyes $3 as XRP surged by 11.52% within 24 hours, reaching a price of $2.82, as market participants closely followed the legal proceedings. The uptick in XRP’s price comes as both XRP price climbs 8% to $2.39 following Ripple's partial settlement with the SEC and a bullish Ichimoku cloud breakout. Key resistance at $2.38 in focus.

Ripple and SEC Agreement Fuels 8% XRP Climb in 24 Hours: Is $3 Next?

Amid the ongoing legal battle between both Ripple (XRP) and the US Securities and Exchange Commission (SEC), both sides reached an agreement this week. The news sent XRP soaring, with the digital asset experiencing a significant price surge. XRP surged by 11.52% within 24 hours, reaching a price of $2.82, as market participants closely followed the legal proceedings.

According to the settlement terms described in the May 8 filing, $50 million would be paid to the SEC in satisfaction of the penalty, and the rest returned to Ripple. This positive development has significantly boosted investor confidence.

In the past 24 hours, XRP price gained over 7.8 percent to trade at about $2.3 on Thursday, May 8 during the late North American trading session. The uptick in XRP’s price comes as XRP price climbs 8% to $2.39 following Ripple's partial settlement with the SEC and a bullish Ichimoku cloud breakout.

Ripple and the SEC reach official settlement; XRP surges 8% to $2.31 as legal cloud lifts. The agreement has fueled speculation about XRP's future price trajectory. With $50M paid to SEC and escrow funds released, XRP eyes $3 as key resistance at $2.38 is broken. If $XRP breaks $3, further gains are anticipated.

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