XRP News Today: U.S. House Introduces Bill to Clarify XRP's Regulatory Status

Crypto exchange Uphold has released its weekly report on XRP, highlighting key regulatory and market developments concerning the digital asset. The report emphasizes a recent legislative development in the United States that could impact XRP’s legal standing. The U.S. House of Representatives has introduced the Digital Asset Market Structure and Investor Protection Act, also known as the Digital Asset Market CLARITY Act. This bill aims to provide a clearer division of regulatory authority between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The legislation seeks to address ongoing uncertainties about how digital assets are classified and regulated at the federal level.

If enacted, the bill could reinforce XRP’s classification as a commodity, aligning with Ripple’s longstanding position that XRP is not a security. This legislative effort is seen as a potentially positive step toward affirming XRP’s regulatory status and providing a foundation for increased institutional confidence in the asset. Ripple has consistently argued that XRP is not a security, a point central to its ongoing legal disputes with the SEC.

Beyond regulatory issues, the weekly update addressed XRP’s recent market behavior in the context of a broader downturn across the crypto sector. While major digital assets such as Bitcoin and Ethereum experienced declines during the week, XRP performed with greater resilience. Bitcoin fell by 2.7% over the same period, while XRP remained relatively stable. This performance was attributed to consistent demand and the asset’s ongoing utility, particularly in cross-border payment applications. Traders continue to see strength in XRP’s market activity, even during periods of overall market weakness.

In terms of price action, XRP is currently trading around $2.19, with intraday fluctuations ranging from $2.16 to $2.28. There is solid support for XRP in the $2.10 to $2.15 zone. The asset continues to maintain a strong market presence and remains comfortably within the top five cryptocurrencies by global market capitalization. The report from Uphold reflects both the regulatory momentum building in Washington and the continued relevance of XRP in digital asset markets. As legislative efforts develop and institutional participation evolves, market watchers are closely following assets like XRP that could be directly affected by new legal frameworks.

XRP, the cryptocurrency associated with Ripple, has been a focal point of attention this week, with various developments and analyses shaping its market outlook. Currently, XRP is trading around $2.19, with intraday fluctuations ranging from $2.16 to $2.28. This price action reflects the cryptocurrency's resilience amidst broader market corrections, as it has successfully defended a key support level at $2.1330. Analysts have been optimistic about XRP's potential for growth. Standard Chartered predicts that XRP could reach $12.50 by the end of 2028, representing a significant upside from its current price. In the near term, the analyst Geoffrey Kendrick forecasts that XRP could reach $5.50 by the end of this year. This bullish outlook is driven by several catalysts, including the potential approval of a spot XRP exchange-traded fund (ETF), the growth of the XRP Ledger, and increased stablecoin transactions.

Additionally, Ripple's settlement agreement with the Securities and Exchange Commission (SEC) is seen as a positive development for the cryptocurrency's future. Ripple's operational status and real-world utility set it apart from many other cryptocurrencies. With partnerships with numerous banks and institutions, Ripple's XRP Ledger supports over 1,500 projects, including stablecoins. This infrastructure positions Ripple to benefit from the growing stablecoin market, which is projected to expand significantly in the coming years. The regulatory framework for stablecoins in the U.S. is also expected to provide a clearer path for their integration into the financial system.

The potential for a spot XRP ETF is another significant factor driving optimism. Such an ETF would provide investors with a regulated and accessible way to gain exposure to XRP, potentially attracting more institutional investment. Additionally, Ripple's technology offers low-cost and efficient solutions for international money transfers and blockchain integration, making it an attractive option for companies and financial institutions. However, legal uncertainty remains a challenge for XRP. Prices dipped below $2.10 recently due to ongoing legal issues, with traders closely monitoring court rulings and ETF hopes for the next major price move. Despite these challenges, the overall sentiment towards XRP remains positive, with analysts and investors eyeing its potential for substantial growth in the coming years.