Recent developments in the legal battle between Ripple and the SEC, coupled with the potential for a spot XRP exchange-traded fund (ETF) approval, have led to volatility in XRP’s price. The US Securities and Exchange Commission (SEC) has dropped its case against Coinbase, OpenSea, and Robinhood, signaling potential changes in the agency’s enforcement approach. 8% drop in XRP prices over the past days is attributed by analysts to the SEC’s shifting stance towards crypto firms, especially regarding major platforms like Ripple Labs. The approval of a spot XRP ETF would significantly impact the price trajectory of XRP and could pave the way for sustained upward movement.