XRP Jumps 10% with SEC Resolution and ETF Excitement

XRP rises 2.86% to $2.41, up 22.07% in 30 days.SEC settles with Ripple for $50M, drops appeals.Ripple eyes Circle acquisition, boosting stablecoin strategy.On May 10, 2025, the price for XRP rose to $2.41, up 2.86% on the previous day. In the past week, the asset rose 10.34%, and in the last month, it has skyrocketed, with an astounding 22.07% increase. These price gains follow a major milestone in Ripple’s relationship with the U.S. Securities and Exchange Commission (SEC), as well as with increased interest in a possible launch of an XRP ETF.SEC and Ripple Reach $50M SettlementOn May 8, 2025, the SEC and Ripple agreed to end a lawsuit that was filed in 2020. The agreement, filed in the U.S. District Court for the Southern District of New York, requires Ripple to pay a $50 million fine. It is significantly less than the $125 million penalty that Judge Analisa Torres had initially imposed in 2024. It was agreed by both parties – the SEC and Ripple- that they would withdraw their appeals simultaneously and thus end the lawsuit.As decked by court documents, the escrow account, which previously held the $125 million fine, will be cleared during the settlement process. In particular, $50 million will be made available to the SEC and the balance returned to Ripple. Due to the agreement, Ripple is no longer under an injunction barring its institutional sales, a significant issue it has experienced since the SEC initially claimed that XRP sales were unregistered securities.This deal is a big change for Ripple, which has been fighting with regulators for a span of over four years. The lower fine and eliminating the sales restrictions bring forward a better environment for Ripple‘s current operations, particularly in the U.S. market. This has injected new hope for XRP holders, which has also pushed the token’s value higher lately.The SEC’s new position is one of the adjustments that the regulatory body has made in its regulatory approach to cryptocurrencies. With new leadership in 2025, the SEC has curtailed its crypto investigations, which shows a softer regulatory tone that could drive more digital asset undertakings. As this development has occurred, the future of XRP has become brighter, especially in terms of the approval of an ETF.ETF Hype Fuels XRP MomentumThe SEC-Ripple settlement has increased the expectations for an XRP ETF, the prospects of which have risen to 85% for 2025. Franklin Templeton’s proposal for a spot XRP exchange-traded fund, which is now being reviewed by the SEC, has been given a revised deadline of June 17, 2025. The proposed ETF approval deadline coincides with the timeline of the SEC-Ripple settlement, which has brought hope to some that a resolution may pave the way for ETF approval.The submission of XRP-focused fund applications by Tuttle Capital Management has increased the talk for possible ETF approval. Such submissions have increased institutional participation as market players expect that an ETF has the potential to massively boost XRP demand. Should it be approved, an XRP ETF would allow investors to access the cryptocurrency through traditional brokerages, thereby smoothing the adoption process for retail and institutional investors.Whales have bought a huge amount of XRP – over 880 million units in the last month – indicating increased belief in the cryptocurrency’s prospects. This stockpiling coupled with the buzz surrounding an XRP ETF has propelled the XRP’s price which has seen it become one of the top players in the crypto market this month.Ripple’s current moves have further strengthened the confidence of the investors. It has been rumored that Ripple is about to acquire Circle, the company that issues the USDC stablecoin. Such a move would probably increase Ripple’s presence in the stablecoin market, especially with RLUSD keen to increase its already dominant market share. By improving its ecosystem, Ripple could increase the strength of XRP, hence its value.The post XRP Jumps 10% with SEC Resolution and ETF Excitement appeared first on Live Bitcoin News.