XRP News Today: XRP Surges 58.5% in Month Amid Regulatory Relief

Crypto commentator Bale (@AltcoinBale) expressed a firm view on the current state of XRP in a post shared on X, describing the ongoing price action as deliberate suppression, urging holders to remain steadfast. His message read, “We are witnessing XRP price suppression at its finest. HOLD STRONG.” The remark was aimed at reassuring the community amid a narrow trading range that some traders have found discouraging.

Edward, another X user, explained the situation, framing it as a calculated move by institutional players. He wrote, “Smart money often accumulates during these sideways moves, setting tight price bands. By holding it in a narrow $3.40–$3.45 zone, retail is now bored, leveraged longs are liquidated, and weak hands drop out. This is classic pre-breakout behaviour.” Edward’s view aligned with the idea that the suppression may be preparation for a significant upward movement.

Another commenter, known as Bbean, discussed the emotional challenges of holding through periods of little movement. He wrote, “I’m learning to wait better. I still haven’t mastered the concept but I’m certainly getting better at it. I have my moments when I want to sell it all now… but I slap myself back into reality.” Bbean’s remark highlighted the difficulty some retail investors experience as they watch the price trade within a tight range despite broader bullish trends.

In contrast, an X user identified as Illinois girl Desi questioned the premise of suppression altogether. Her comment read, “It’s not suppression it’s doing what crypto does. How long have you been involved in this?” Desi’s view suggested that sideways trading and volatility are inherent characteristics of cryptocurrency markets and do not necessarily indicate manipulation.

XRP is currently trading at $3.43, following a 26.3% increase over the past week and a 58.5% rise over the past month. The asset reached as high as $3.60 yesterday before settling at its current price. This performance indicates significant upward momentum despite the narrow price band noted by Bale and other observers.

The comments on Bale’s post reflected a range of interpretations of XRP’s current behavior, with some attributing it to strategic accumulation and others to natural market tendencies. Bale’s initial statement and the subsequent commentary underscored the resilience and differing perspectives within the XRP community as the asset continues to post strong gains.

Pro-XRP lawyer John Deaton celebrated the token's performance, suggesting that it was about time XRP demonstrated its growth potential. Deaton highlighted that the token's price had been suppressed for four years due to regulatory pressure from the SEC and the ongoing Ripple lawsuit. The lawsuit led to major U.S.-based exchanges delisting XRP, driving its price below $0.18 in 2020 and 2021. Despite exchanges relisting XRP following a favorable ruling in July 2023, its price performance remained subdued due to subsequent appeal filings by the SEC and Ripple. Some analysts suggested that the lawsuit could linger until 2026 in the Second Circuit.

However, the regulatory tension eased after the former SEC chairman, Gary Gensler, stepped down in November 2024. Additionally, the SEC and Ripple agreed to withdraw their appeals, paving the way for widespread retail and institutional adoption. These developments eventually pushed the price above $3.50. Speaking on behalf of the 75,000 XRP holders he represented in the Ripple case, Deaton emphasized that it was time for the XRP price to take off, stating that the rally was long overdue.

Michael Arrington, the founder of Arrington Capital, also commented on XRP's performance, suggesting that the token was "showing off" after its price soared 71.1% over the past 90 days to $3.53. Arrington's remarks indicated that XRP's impressive run lately felt like the token was flexing its strength.

The latest rally has brought mixed reactions from investors. Widely followed analyst CrediBULL shared how his investment of $10,000 in XRP, acquired in December 2019, had ballooned to over $180,000. At the time of purchase, each XRP cost $0.1835, and CrediBULL projected that the value of the investment would increase over the next four years, allowing him to purchase a Lamborghini. With XRP hitting $3.65, the valuation of the 53,692 XRP tokens rose to roughly $196,000.

While most investors have seen incredible gains on their XRP investments, some, like Barstool Sports founder Dave Portnoy, are in regret. Portnoy admitted feeling guilty for selling the token too early and missing out on the rally. This sentiment highlights the volatility and unpredictability of the cryptocurrency market, where timing and market conditions play crucial roles in investment outcomes.

The recent developments surrounding XRP underscore the impact of regulatory actions and legal proceedings on the cryptocurrency market. The easing of regulatory tension and the withdrawal of appeals have created a more favorable environment for XRP, allowing it to demonstrate its growth potential. As the market continues to evolve, investors and stakeholders will closely monitor XRP's performance and the broader regulatory landscape.