XRP Surges Over 6% After SEC Drops Charges Against Ripple Executives

XRP jumped 6.5% on Thursday, logging its biggest single-day gain in 3 months after the SEC dropped charges against Ripple executives.

The price rose to a high of 53 cents before pulling back to 51 cents.

The SEC agreed to dismiss allegations against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen.

Spot buyers likely powered the rally, with spot exchanges seeing net inflows.

XRP remains range-bound between 49 and 45 cents, so a breakout could signal a bigger move.