XRP has surged 17% in the past 24 hours, reaching a 16-month high of $0.8479, while the broader crypto market saw declines. This rally comes amid a lawsuit by 18 U.S. states against the SEC, accusing it of overreach, which has fueled optimism for a more crypto-friendly regulatory environment. XRP's open interest also rose sharply, indicating strong market sentiment. Analysts suggest that with regulatory clarity, XRP could see significant gains, potentially reaching $11. The token has broken key resistance levels, with $1 as the next target for bulls.