The XRP price has increased to $2.25, showing resilience even as the broader crypto market declined by 2.5% in the last 24 hours. Ripple achieved regulatory approval for its RLUSD stablecoin in Dubai, marking a significant milestone as the first U.S. stablecoin authorized under the Dubai Financial Services Authority framework.
Ripple's CEO Brad Garlinghouse denied rumors about a bid to acquire Circle, emphasizing the company's organic growth momentum. Investors remain optimistic about XRP's long-term potential, especially with the anticipated favorable resolution to Ripple’s ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC) expected later this year.
Technical indicators present mixed signals: the relative strength index (RSI) is recovering after a prolonged oversold condition, suggesting a potential rebound, whereas the 30-day moving average remains above the 200-day average, hinting at a possible correction. However, Ripple’s unique market position due to its legal challenges may justify a sustained elevated price level.
Market analysts predict XRP could ascend to $3 by July’s end, $4 in the fourth quarter, and potentially cross $5 by year-end, contingent on resolving regulatory uncertainties and improved market conditions. Additionally, geopolitical developments like U.S. tariff adjustments may indirectly influence XRP’s price dynamics.
Separately, new altcoin projects like Snorter (SNORT), a Solana and Ethereum based trading bot token, are gaining investor attention during their presales, representing high-risk, high-reward opportunities but do not directly impact XRP’s trajectory.