XRP in the spotlight: latest news

Experts suggest that Ripple (XRP) could see significant gains, with predictions indicating that its price may reach $6 by 2026.

XRP has experienced a 20% decline over the past 30 days, following a peak in mid-July. The delay in the SEC's approval of new spot XRP ETFs, now expected by mid-October, is a key factor contributing to its lackluster performance compared to Ethereum and other leading cryptocurrencies.

On August 22, the Second Circuit Court of Appeals in the United States finalized the settlement between the Securities and Exchange Commission (SEC) and Ripple, marking the official closure of the case.

The cryptocurrency market continues to astonish seasoned investors, with prominent cryptocurrencies such as Ripple (XRP), Binance Coin (BNB), and Solana (SOL) making significant strides. Analysts predict that three additional cryptocurrencies are poised to reach a market cap of $100 billion, following in the footsteps of these successful digital assets.

Analysts are identifying Ruvi AI (RUVI) as a possible competitor to Ripple (XRP) due to its increasing institutional backing and strategic partnerships.

Today, we take a look at the latest updates regarding Ripple, its native cryptocurrency XRP, and its stablecoin RLUSD.

The court has confirmed the closure of the Ripple v. SEC case, solidifying XRP's legal status. This decision marks the end of appeals and challenges from both Ripple and the SEC, establishing an important precedent in the U.S. cryptocurrency landscape.

Seven issuers have revised their XRP ETF filings in light of Ripple's recent court victory against the SEC. Analysts estimate that there is a 95% chance of approval, with decisions expected by the end of October.

Strategy, formerly known as MicroStrategy, has introduced a powerful concept by issuing new debt and equity to acquire Bitcoin and Ethereum. The question now arises whether Ripple's XRP will be the next cryptocurrency targeted in this "Crypto Treasury" strategy.

Ripple's XRP price experienced a surge of 9% before pulling back, reaching near $3. This breakout above the $3 mark resulted in a five-fold increase in trading volume, driven by a shift in Federal Reserve policy and heightened on-chain activity that enhanced institutional investment flows.

Ripple's XRP is currently priced at $3.01, having recovered from a low of $2.96. Optimism surrounding ETFs, along with on-chain activity and Federal Reserve Chairman Powell's dovish stance, could potentially drive the price of Ripple towards the range of $6 to $8.