XRP Price Surges 8% Above $2 Amid Trader Optimism for SEC Regulatory Shift

The price of XRP has experienced a significant rally, climbing over 8% to break the key $2 resistance level. This bullish momentum is primarily driven by growing trader sentiment anticipating a more favorable regulatory stance from the U.S. Securities and Exchange Commission (SEC). Market analysts point to recent developments and ongoing legal clarity surrounding Ripple's native token as key catalysts. The surge reflects heightened investor confidence, suggesting that the market is pricing in a potential reduction in regulatory pressure on XRP. This price action underscores the cryptocurrency market's acute sensitivity to regulatory news and its impact on major digital assets like XRP.