XRP Gains 6% Despite Market Downturn Amid SEC Sentiment Shift

XRP defied broader market pressure on April 5, surging 6% to $2.16, according to TradingView data. The token’s 24-hour trading volume also climbed 15.04% to $4.3 billion, signaling heightened market interest. XRP's market cap rose to $126 billion, while its volume-to-market-cap ratio stood at a healthy 3.43%, reflecting strong liquidity and investor engagement.

The recent price momentum coincides with increased optimism surrounding U.S. crypto regulation. Although the SEC’s latest statement focused on USD-pegged stablecoins — clarifying that certain types are not securities — the move is seen as a sign of regulatory softening. This broader shift in sentiment could benefit Ripple Labs as it continues its long-standing legal battle with the SEC.

With 99.98 billion XRP already in circulation out of the maximum 100 billion supply, the token's fully diluted valuation now stands around $216.21 billion. This underscores XRP’s significant role in the crypto ecosystem, particularly as investors await clearer guidance from U.S. lawmakers.

Meanwhile, market observers anticipate potential crypto legislation focused on stablecoins, raising hopes for a more supportive regulatory environment. This shift may positively impact Ripple and XRP in the coming months, especially if Congress passes a crypto-specific bill — something industry players have long pushed for.

Despite overall bearish sentiment in the stock market, XRP’s performance suggests renewed investor confidence and strong technical support. As trading volume and price climb together, XRP may continue to attract bullish attention, particularly as regulatory clarity improves.

With the crypto market’s regulatory landscape evolving, XRP stands as a potential beneficiary of the shifting tone in Washington. Investors will be closely watching the SEC-Ripple case and upcoming legislation for further cues on XRP’s future trajectory.