XRP Surges 0.604% as Federal Reserve Rate Cut Hints and Legal Victory Fuel Rally

XRP's latest price was $3.03, down 0.604% in the last 24 hours. The cryptocurrency has secured a position among the world’s 100 largest assets after its latest rally. Data shows that the cryptocurrency’s market capitalization now stands at just over $180 billion, placing it in the 99th spot globally. The token is currently valued above $3, moving past CATL while sitting just behind Pinduoduo and Deutsche Telekom. XRP joins Bitcoin and Ethereum as the only digital assets in this elite ranking.

The latest rally followed U.S. Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole conference, where he suggested a possible rate cut in September. Shortly after, the U.S. Appeals Court approved the dismissal of the long-running lawsuit between Ripple and the Securities and Exchange Commission. This legal resolution has provided fresh momentum for the token, removing a significant cloud that had weighed on its valuation.

Crypto market analysts expect the uptrend to continue. CasiTrades noted that XRP could soon test resistance at $3.21, with only a brief pause expected before higher gains. The token recently retested the top of a consolidation range near $3.168, suggesting that buying pressure remains strong. Market observers emphasize that the current strength may help XRP advance further up the global asset rankings.

Analysts and legal experts highlight multiple drivers behind XRP’s resurgence. Commentator Altcoin Gordon pointed out that the XRP-to-Bitcoin chart is on the verge of breaking an eight-year downtrend. He cited pending XRP exchange-traded funds, Ripple’s partnerships, and XRPL upgrades as strong catalysts. Additionally, legal expert Bill Morgan emphasized that institutional adoption is growing, yield opportunities are expanding, and XRP’s role in traditional finance is strengthening. These fundamentals position the token for potential long-term stability and growth.

Crypto analyst and investor Xaif published a tweet stating that the Central Bank of Malaysia had named XRP alongside Bitcoin as a potential replacement for cash and bank deposits. The post was presented as breaking news and underscored the significance of both assets being specifically mentioned in an official central bank document. Xaif highlighted this reference as noteworthy because it placed XRP and Bitcoin together in the context of possible future roles as payment instruments outside of traditional banking structures.

The image accompanying the tweet features an excerpt from a Bank Negara Malaysia document, which contains a diagram titled “Illustration of Public and Private Monies.” The diagram categorizes public money, such as central bank reserves, currency, and potential central bank digital currencies, alongside private money, which includes bank deposits and other institutional deposits. It further links these to monetary aggregates such as M1, M2, and M3, while illustrating debtor-creditor relationships between the central bank, banks, non-banks, and other institutions. The document also mentions Project Mawar, a proof-of-concept initiative through which the bank is currently exploring the potential use cases of central bank digital currency.

Beneath the diagram, a passage directly addresses the emergence of new private digital assets. These are described as decentralized tokens or cryptocurrencies that could serve as alternatives to current monetary and payment instruments. In this context, the document explicitly names Bitcoin and XRP, stating that such private tokens may in the future be widely used as a means of payment outside the banking system. It adds that they could replace cash in circulation or bank deposits if adopted at scale.

Xaif’s tweet draws attention to the fact that the Malaysian central bank explicitly lists XRP and Bitcoin in this context. The mention places both assets in the same category of potential alternatives to traditional money. By highlighting this, Xaif interprets the document as recognition of their possible future role in payments and settlement, separate from the framework of central bank-issued or bank-issued money. The inclusion of XRP, in particular, underscores its ongoing relevance in institutional and regulatory discussions about digital assets.

While the document names XRP and Bitcoin as possible replacements for cash and deposits, it also outlines challenges for such a scenario to materialize. It states that private decentralized tokens must overcome significant barriers to complement or substitute the current payment system. Without centralized intermediaries, these platforms would require large liquidity balances to enable efficient settlement across different cryptocurrencies. The text makes it clear that decentralization introduces obstacles that do not exist in systems managed by central banks or regulated financial institutions.

Grayscale, Bitwise, Canary, CoinShares, Franklin Templeton, 21Shares, and WisdomTree filed amended S-1s for spot XRP ETFs with the SEC, following its Ripple case resolution on August 22, 2025. The filings indicate rising institutional interest in XRP, potentially leading to $4.3B–$8.4B inflows, and reflect a critical regulatory milestone akin to prior BTC and ETH ETF launches. Grayscale, Bitwise, and other asset managers have filed amended S-1 registration statements for spot XRP ETFs. This follows the SEC’s settlement with Ripple, leading to their legal dismissal. The decision marks a pivotal moment for XRP's market stability.

The asset managers involved, led by figures like Michael Sonnenshein of Grayscale, aim to capitalize on this regulatory clarity. The clustered filings are reportedly in response to the SEC’s feedback, signaling potential positive outcomes for market entry. The filings have sparked a surge in XRP pricing, reflecting the market’s growing optimism. Institutional investors may now position themselves for opportunities tied to Ripple’s ongoing legal clarity. The resolution of the Ripple case may pave the way for substantial institutional demand and capital inflow. This anticipated financial shift could feed into related markets, impacting total value locked in DeFi protocols leveraging XRP technology.

Experts predict that the successful approval of spot XRP ETFs may initiate further institutional interest. This could mimic patterns seen during similar Bitcoin ETF launches, boosting liquidity and market adoption. Regulatory precedents suggest a potential industry transformation. Historical trends indicate that the introduction of spot Bitcoin and Ethereum ETFs triggered asset price rises and increased market liquidity. Experts anticipate similar outcomes for XRP, should the current ETF filings receive approval. This could significantly impact DeFi adoption.

Grayscale Investments filed a Form S-1 with the SEC to launch a Grayscale XRP Trust ETF, joining other asset managers after the SEC dismissed its lawsuit against Ripple. This filing signifies a milestone for institutional XRP access, possibly unlocking $300 billion in stablecoin market flows, stirring bullish sentiment and potential XRP rally. Grayscale Investments has filed a Form S-1 registration statement with the SEC for a proposed XRP Trust ETF. This filing follows the dismissal of the SEC's lawsuit against Ripple, a significant development for the U.S. market. Grayscale is joined by six other major asset managers, including CoinShares and WisdomTree, in the race to secure spot XRP ETFs. Each aims to tap into the growing institutional interest in the cryptocurrency market.

The filing of XRP ETF proposals has caused a notable stir in digital asset markets. Analysts predict up to $300 billion in market access for institutional investors, potentially shifting the landscape of crypto funding. This move signifies a potential shift in regulatory posture by the SEC. The outcome could see increased institutional participation and liquidity in the digital asset markets, contingent on SEC approval. Market experts have expressed optimism, noting the potential for a significant price increase in XRP. Previous regulatory victories have translated into market rallies, furthering positive sentiment. Historical precedents like the approval of Bitcoin and Ethereum ETFs show that SEC rulings can dramatically impact asset prices. Increased institutional engagement may result in a surge for XRP and other cryptocurrencies if the ETF is approved.

Seven major ETF providers have submitted amended applications for spot XRP exchange-traded funds (ETFs), signaling that the U.S. Securities and Exchange Commission (SEC) is actively reviewing the proposals. According to these updates show that the SEC is in direct communication with applicants—a strong indicator that the approval process is advancing. The updated applications, submitted on August 22, 2025, came from Grayscale, Bitwise, Canary, CoinShares, Franklin Templeton, 21Shares, and WisdomTree. These firms are looking to gain early positioning in the growing crypto ETF market, this time with a focus on XRP. One key update came from Bitwise. According to its S-1 filing, the SEC requested clarity around the mechanics of issuing and redeeming trust shares. The new filing includes an option to redeem shares in XRP, which could be a significant step towards regulatory approval.

Significant momentum continues building within the XRP ecosystem, underscored by pivotal technological integrations and favorable market sentiment. A major development involves Cardano confirming plans to integrate XRP support directly into its Lace wallet platform. This integration, announced for implementation within 2025, marks a notable step towards increased interoperability between major blockchain projects.

Enthusiasm surrounds XRP's ongoing technological progression, highlighted by reports indicating the asset has successfully navigated through key resistance barriers. This technical achievement has invigorated the broader cryptocurrency landscape, reinforcing confidence in XRP's foundational technology and its capacity for wider utility. Market participants have shown increased optimism driven by potential catalysts and technical indicators suggesting further advancements.

Discussions persist about the asset's future trajectory within the market, particularly concerning potential breakout scenarios fueled by broader industry adoption and recognition of its core strengths. While acknowledging recent periods of market fluctuation, analysis points to significant underlying events and innovations that could fundamentally influence XRP's path forward. The focus remains firmly on strategic developments rather than near-term market dynamics.