The price of XRP jumps by 7 %, and reaches approximately $ 2.50 in the past 24 hours

The XRP price has seen an impressive increase of 7 % over the past 24 hours and is now trading at $ 2.46. This jump followed the “Recovery Week” style, as Altcoin managed to obtain 28 % of the low value from $ 1.90 to $ 2.46.

This gathering moves the latest updates on Ripple’s connection with the US Securities and Stock Exchange Committee (SEC) and increasing expectations from the investment funds circulated in Altcoin.

It is a major development that SEC participates in negotiations with Ripple; However, market experts believe that it is achieved that XRP is recognized as a commodity.

If SEC officially recognizes XRP as a commodity like Bitcoin and Ethereum, legal issues related to Ripple can be resolved, and more institutions can invest in them.

This can open the door to agree to ETF XRP, which analysts say can attract huge institutional funds, just as the investment funds traded in Bitcoin did in 2024.

This highlights that investors are gradually preparing confidence in XRP and its horizons in the market. Altcoin faces resistance near a brand of $ 2.99, and if this level is violated, it may reach $ 3.40, which will reach 200 billion dollars.

Analysts closely monitor the additional movement of XRP because it enhances its location on the market. Bulls may pay the price up in the long term and more if SEC recognizes XRP as a commodity and agrees on ETF altcoin.

If all these factors are operated, XRP may reach a high price with some experts, indicating that it may reach $ 3.00 and attract more investors.

Also read: Ripple opposite SEC: Will the settlement end the case?