XRP Price Surge: Key Factors at Play

In the coming days, XRP’s price path will likely depend on Judge Torres’ decision, any movement in the SEC’s stance, and fresh news around the XRP-spot ETF landscape. As of this writing, Marketcap data shows that XRP is trading at $2.17, up 10% in 24 hours.

• XRP surges 10% due to hopes for a court settlement and a potential end to the Iran-Israeli war, boosting investor confidence.
• The Canadian XRP ETF has seen early success, hitting C$32 million AUM in days, fueling pressure for a U.S. spot fund approval.

XRP gained fresh momentum after rising 10% on renewed speculation about a possible court ruling in the Ripple lawsuit and news of Donald Trump’s ceasefire announcement. Investors reacted quickly to these developments, pushing the price higher as optimism returned.

Court Settlement Buzz Pushes XRP Past Key Resistance

In a recent post, we reported that the XRP Ledger reached 295,000 daily users, showcasing bullish sentiment. Interestingly, on Monday, June 23, XRP rose by 6.9%, reversing its Sunday decline and closing at $2.1607.

Notably, this move outpaced the broader crypto market, which gained 4.93% and brought the total market cap to $3.21 trillion. Meanwhile, the rally followed growing expectations that the SEC v Ripple case may not drag into 2026, despite early social media claims.

In a recent social media post, Lawyer Bill Morgan criticized the idea of a long delay, calling it improbable. Unless Judge Analisa Torres rejects the joint settlement motion and both sides proceed with appeals, the case could conclude soon.

If approved, Ripple would pay a reduced $50 million penalty, and the SEC would drop its appeal, removing a key legal obstacle for XRP, especially in its push for a U.S.-based XRP-spot ETF.

Market watchers say the outcome could directly influence future institutional demand. Polymarket odds for the ETF’s approval have dropped from 98.2% to 74% since June 3, reflecting cautious optimism.

However, Eric Balchunas and James Seyffart recently stated that XRP now holds a 95% chance of ETF approval, up from 75%. If Judge Torres rules in Ripple’s favor and lifts the injunction on institutional sales, the regulatory fog could begin to clear.

XRP ETF Demand Surges in Canada

The launch of the 3iQ XRP ETF on the Toronto Stock Exchange also contributed to the price movement. After three days of trading, the fund reached C$32 million in assets under management, making it the largest XRP-focused ETF in Canada. The performance echoed the success of the firm’s earlier Solana ETF and signaled a strong appetite among both retail and institutional investors.

3iQ’s President, Pascal St-Jean, said the early demand shows investors are seeking exposure to digital assets like XRP. The Canadian market’s response adds weight to arguments for a similar fund in the U.S., which remains blocked by regulatory uncertainty.

Additionally, President Donald Trump’s surprise announcement supporting a temporary ceasefire in ongoing conflicts in the Middle East provided another positive signal for risk markets. Traders perceived this move as one that could ease geopolitical tensions and bolster broader positive market sentiment, including for digital assets.