- Ripple is gaining momentum with a favorable SEC settlement, growing stablecoin adoption, and rising hopes for a spot XRP ETF.
- XRP’s price has surged past $2.50, with analysts predicting a potential rally toward $5 or more.
Ripple and its cross-border cryptocurrency, XRP, have been making waves in recent weeks, with major developments on the legal, regulatory, and market fronts. As XRP surges past $2.50, investors are watching closely for what could be a pivotal moment in the token’s trajectory.
SEC Case Nears the Finish Line
After years of courtroom drama, Ripple appears to be nearing the end of its legal battle with the U.S. Securities and Exchange Commission (SEC). In March, Ripple CEO Brad Garlinghouse revealed that the SEC dropped its appeal. Fast forward to early May, both parties agreed on a $50 million settlement—significantly less than the original $125 million fine. While the agreement still requires judicial approval, it’s widely seen as a win for Ripple and the broader crypto sector.
However, not everyone at the SEC is pleased. Commissioner Caroline Crenshaw publicly criticized the deal, warning it could erode the agency’s legal credibility and set a concerning precedent for future enforcement.
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XRP ETF Hype Builds
Speculation is heating up around the potential launch of a spot XRP ETF in the U.S. Heavyweights like Grayscale, 21Shares, and Bitwise are in the running. Though the SEC recently postponed a decision on Bitwise’s application, all eyes are now on July 2—the final deadline for Grayscale’s proposal.
A green light for an XRP ETF could open the floodgates for institutional investment and provide a significant tailwind for the token’s price. Meanwhile, futures-based XRP ETFs from Teucrium and ProShares have already debuted in the U.S., keeping the momentum going.
Ripple’s Stablecoin Gains Ground
Ripple’s RLUSD, a stablecoin pegged to the U.S. dollar, has slowly been gaining traction since its December launch. It’s now supported by major exchanges like Kraken and Gemini, and its market cap sits just above $315 million. While that’s modest compared to giants like USDT and USDC, it signals growing confidence in Ripple’s broader ecosystem.
Price Action: Is $5 Next?
XRP recently spiked to nearly $2.70 before settling around $2.54. Analysts like Captain Faibik and Crypto Patel are predicting bullish moves toward $5 and even $10, citing strong technical patterns and minimal resistance ahead.
With legal clarity, ETF momentum, and a growing stablecoin presence, Ripple is positioning itself for a major breakout in 2025.
