XRP investors are increasing their holdings as positive indicators arise following the conclusion of the SEC lawsuit.

XRP experienced a jump of almost 13% after surpassing the resistance level of $2.40, driven by increased user engagement and a positive outlook from investors. Whales have gathered $14 billion worth of XRP, and a decrease in dormant circulation indicates a steady confidence despite negative signals from derivatives. On Thursday, Ripple’s XRP gained significant ground, reaching a peak of $2.43. The increase followed a breakthrough at $1003 and is currently facing resistance again at $2.40385. The recent upswing is clear on the 4-hour chart, but the rally appears to be pausing for the time being. In a single day, XRP surged almost 13% before reversing its gains. During its pause, one thing is certain: much more is occurring behind the scenes than what the price suggests. Since the beginning of March, the number of daily active addresses for the token has risen by over 400%. This is a significant development — individuals are utilizing XRP in greater amounts than before. Source: Santiment. Sentiments around XRP started to change as the U.S. Securities and Exchange Commission concluded its legal battle with Ripple. That single update sparked significant optimism among investors, particularly for larger stakeholders. Major investors are injecting $14 billion into XRP following the newfound legal clarity.