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XRP News: Ripple Token Jumps 12% as Co-Founder Reemerges After 14 Years
- XRP surged over 12% to cross the $2 mark on strong trading volume amidst geopolitical tensions and positive legal news with Ripple.
- Arthur Britto, one of Ripple's co-founders, resurfaced after 14 years, boosting investor sentiment.
- XRP price climbed from $1.968 to $2.2018 within a day, supported by high volume and momentum despite geopolitical tension in the Middle East.
- The token saw a volume surge of 130 million, reversing its initial dip and breaking out with increased volume to trade above $2.06.
- Arthur Britto's return to the public eye coincided with Ripple and SEC filing a joint motion seeking final settlement approval in their legal battle.
- If approved, the settlement would release a $125 million escrow fund, with $50 million going to the SEC and $75 million to Ripple, resolving the ongoing legal dispute.
- XRP technical analysis shows divided sentiment with some expecting a rally to $6 and others warning of a potential 25% correction back to $1.55.
- XRP's price action is also influenced by broader market developments, including Dogecoin's resurgence and environmentally focused mining operations.
- Despite parallel trends, XRP remains the focal point driven by legal uncertainties, geopolitical tensions, and notable public figure reemergence.
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