XRP Price Breaks Out 12% Amid Regulatory Optimism and Market Recovery

XRP Price Breaks Out 12% Amid Regulatory Optimism and Market Recovery

XRP Surges 12.18% in 24 Hours Amid Market Recovery Efforts

XRP has experienced a strong bullish rally over the past 24 hours, surging by 12.18% to reach $2.75, according to CoinMarketCap (CMC) data. The altcoin’s daily trading volume also saw a notable 38.87% increase, reflecting heightened investor activity. This price recovery comes after a period of market volatility, which had previously unsettled investors.

On February 13, during the Asian evening hours, XRP hit a low of $2.43 before bullish momentum ignited an upward trend. Over the past week, the token has shown resilience, recording a 14.39% increase despite previous fluctuations caused by Monday’s market downturn. At the time of writing, XRP is trading at $2.7535.

Regulatory Shifts and Ripple’s SEC Battle Fuel XRP’s Gains

The broader U.S. regulatory landscape is undergoing major changes, with new leadership in both the government and the SEC bringing potential shifts in crypto policies. Ripple’s ongoing legal battle with the SEC has played a role in bolstering market sentiment around XRP, contributing to its recent price surge.

Will XRP Reclaim Its $3 Milestone?

XRP has demonstrated multiple bullish trends in recent months, coming close to its all-time high of $3.38 in January. While the pace of recovery remains uncertain, technical indicators suggest that XRP has the potential to reclaim the $3 milestone.

• Bull Power Indicator: 4.64 (showing bullish dominance)
• Bear Power Indicator: -2.98
• Relative Strength Index (RSI): 55.52, indicating steady investor confidence

Market Outlook

Other major cryptocurrencies, such as Ethereum (ETH) and Solana (SOL), have also seen modest gains in the past 24 hours. Meanwhile, Bitcoin (BTC) continues to struggle with its $96K resistance level, reflecting broader market challenges.

As regulatory clarity improves and XRP maintains its bullish momentum, investors are closely watching for a potential push toward $3 and beyond.