Following a $50 million settlement with the SEC, XRP prices surged 7%, reaching $2.37. While analysts see this as positive, they warn that sustained growth hinges on technical indicators. The move reflects investor relief and optimism after years of regulatory uncertainty, but key price levels will determine whether gains hold or are reversed. 7% rise brings it to $2.37, exceeding initial market expectation of a drop below $2.41 support level, which analysts see as crucial for continued momentum. The legal resolution has injected fresh optimism into the XRP markets, though sustained performance depends on how well XRP manages specific price thresholds. For instance, failing to hold above $2.41 could trigger losses towards $1.20, an area seen as a potential buying opportunity by some traders.