XRP price has surged by 27% on the month, reaching $2.40, driven by legal resolution with the SEC and dollar weakness benefiting cryptocurrencies like XRP.
Ripple settled with the SEC for $50 million, bringing clarity to its legal battles and contributing to the momentum driving XRP's price up.
Technical analysis points to further upside for XRP, with indicators showing bullish signals and a potential breakout towards $3.40.
While regulatory risks and operational challenges remain, XRP's use case and recent milestones contribute to the positive outlook for its price.