The XRP cryptocurrency has experienced a surge in value, driven by investor optimism surrounding the ongoing market rebound and potential regulatory clarity. Traders anticipate a price increase towards $3.90, reflecting increased confidence in the asset’s future performance. 4% gains for the crypto market as a whole contribute to this positive momentum. Following recent developments, XRP has continued its upward trajectory after speculation of spot ETF approvals in the United States. This surge coincides with the overall market rebound, surpassing $3.26 trillion following Bitcoin’s price rally, indicating growing demand for digital assets. Ripple’s legal settlement with the SEC has fueled investor optimism, contributing to a bullish sentiment within the community, as indicated by CoinMarketCap’s trader sentiment tracker showcasing 88% of participants are bullish and anticipating high returns. The recent settlement agreement between Ripple Labs Inc., CEO Brad Garlinghouse, and co-founder Chris Larsen resolved their long-standing SEC case. This case stemmed from accusations that Ripple engaged in unregistered securities offerings by selling XRP tokens. A filing to the court seeks to dissolve the ongoing case, paving the way for potential market clarity. ProShares, a leading ETF issuer, is poised to launch a futures-based XRP ETF upon receiving regulatory approval. Additionally, XRP whale accumulation has exceeded that of other altcoins in recent weeks, suggesting significant Q4 2024 inflows are expected. XRP witnessed around $31.6 million in trading volume last week, maintaining growth from the previous week.