title: XRP Price Surges to $2.38 After SEC Drops Appeal, Network Activity Soars 400%

Ripple native cryptocurrency, XRP is currently trading at $2.38 following a rejection at the $2.59 resistance level. The token has experienced a significant increase in network activity, with a 400% surge since early March.

Ripple’s native cryptocurrency, XRP, is currently trading at $2.38 after encountering rejection at the $2.59 resistance level. The token has seen a fourfold increase in network activity since early March.

Ripple’s native cryptocurrency, XRP, is currently trading at $2.38 after encountering rejection at the $2.59 resistance level. The token has seen a fourfold increase in network activity since early March.

Its network witnessed record levels of activity, according to blockchain analyst Ali Martinez, who observed 627,000 active addresses, the highest level since April 2023. The market data shows that both investors and on-chain users are becoming more involved with XRP.

As the U.S. Securities and Exchange Commission (SEC) decided to abandon its pending appeal, it creates promising market regulatory conditions for Ripple.

As the U.S. Securities and Exchange Commission (SEC) decided to abandon its pending appeal, it creates promising market regulatory conditions for Ripple.

However, there are still some legal difficulties that Ripple experiences when building on its recent positive development. The court order from Judge Analisa Torres forbids Ripple from selling XRP directly to institutional financiers.

However, there are still some legal difficulties that Ripple experiences when building on its recent positive development. The court order from Judge Analisa Torres forbids Ripple from selling XRP directly to institutional financiers.

Despite the existing market restrictions, market faith in XRP token strength has not diminished.

Despite the existing market restrictions, market faith in XRP token strength has not diminished.

XRP Whale Holdings Surge to 46.4 Billion Tokens

In the derivatives market, XRP is maintaining stability at $2.38. Options traders have demonstrated increasing interest in the March 28 expiry, with in-the-money (ITM) call options leading open interest. The reduction of regulatory uncertainties has propelled analysts to predict XRP’s future market behavior.

Blockchain analysis platform Santiment demonstrates that XRP operates as an independent coin separate from other altcoins. Investors who hold at least one million XRP tokens now control 46.4 billion tokens as part of their total holdings. Over the past two months, large wallets expanded their XRP holdings by 6.5%. Address activity shows a substantial rise because six times more unique wallets have become active on the network since previous months.

The lawsuit dismissal by Bitnomial against the SEC acted as a catalyst to boost XRP’s price increase. The legal decision made it possible for the CFTC to create its first XRP futures product which operated under US regulations.

Ripple CEO Brad Garlinghouse told Bloomberg that an XRP exchange-traded fund (ETF) application might get regulatory approval sometime in late 2025. The probability of an XRP spot ETF being approved in the second half of 2025 remains high.