XRP is once again in the spotlight, recording over $3 billion in daily trading volume as it stages a notable recovery from recent downward pressure, according to CoinMarketCap data . The renewed momentum comes as investors respond to both market dynamics and a major development in Ripple’s longstanding legal battle with the U.S. Securities and Exchange Commission (SEC). XRP Climbs Back Above $2, Gains Market Strength After dipping to a session low of $1.94 on Friday, XRP bounced back sharply, reclaiming critical price support. By Saturday, the token had climbed to $2.15, representing a 5.52% gain over the previous 24 hours. The rebound followed a sizable on-chain movement involving Ripple, with 200 million XRP — valued at more than $402 million — transferred to an unidentified wallet, sparking curiosity among analysts and market watchers. Market Metrics Reflect Shifting Investor Behavior On-chain analytics firm Glassnode revealed that XRP’s last major price spike in February was driven largely by a wave of new capital. During that period, XRP’s realized market capitalization soared from $30.1 billion to $64.2 billion — a nearly $34 billion jump fueled mainly by fresh investor entries. However, that retail-led surge has since cooled, with inflows slowing down in recent weeks. Yet, a notable transformation in ownership patterns remains: older holdings now account for roughly 63% of XRP’s realized cap, a sharp increase from just 23%. This shift indicates that while retail enthusiasm drove the rally, many of these newer investors now hold XRP at relatively high entry prices, making the asset more vulnerable to market corrections. XRP Eyes Next Move as Volume and Inflows Remain Key With trading volume surging and XRP attempting to reclaim higher ground, all eyes are now on whether the digital asset can sustain its upward trajectory. Analysts suggest that continued capital inflow and elevated volume could trigger another run at key resistance zones. Conversely, a slowdown in momentum might see XRP enter a sideways trading phase until a new catalyst emerges. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Legal Momentum Builds Toward Resolution Providing one such potential catalyst is the latest legal update: Ripple and the SEC have taken a decisive step toward ending their years-long courtroom clash. The two parties have filed a joint motion with the U.S. Court of Appeals for the Second Circuit, requesting a pause on their respective appeals while they finalize a settlement agreement. Attorney James K. Filan shared the news on social platform X, revealing that both Ripple and the SEC have reached an agreement in principle. The motion states that no further legal briefs will be submitted, and the case will remain on hold pending approval from the SEC’s commissioners. This filing confirms what Ripple CEO Brad Garlinghouse hinted at last month — that the SEC is preparing to withdraw its appeal originally filed in October. Ripple, for its part, is also expected to pull back its cross-appeal. A Turning Point? As XRP regains traction on both the market and legal fronts, the asset may be entering a pivotal phase. The resolution of the SEC lawsuit — a long-standing overhang — could clear the path for broader institutional engagement and renewed investor confidence. Should current trends continue, XRP could be poised for a sustained rally, especially if legal clarity and market momentum align in the coming days. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post $3 Billion XRP In 24 hours. Here’s What Happened appeared first on Times Tabloid .
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