According to ChainCatcher, Ripple CEO Brad Garlinghouse expects the company to resolve years of litigation with the U.S. Securities and Exchange Commission (SEC) "soon," according to a recent interview with Bloomberg. XRP prices have risen in recent weeks as the market speculates that the U.S. SEC may announce a settlement after a closed-door meeting next week.

Data from analysis firm Santiment shows that the activity level and new address creation of the XRP ledger have also reached their highest level since March.