XRP News Today: XRP Drops 7% on Trump Tweet and SEC ETF Delay

On May 23, the price of XRP experienced a decline from $2.48 to $2.29 following a tweet from President Donald Trump that reignited trade tensions with the European Union. This drop was further exacerbated by a report from an analyst confirming that the United States Securities and Exchange Commission (SEC) had postponed its final decisions on two Exchange Traded Funds (ETFs) filings. The affected ETFs were CoinShares XRP and Litecoin ETFs, with the decision dates extended from May 26 to August 24, 2025. This delay is part of a pattern where the SEC applies longer timelines to examine the risks and legal compliance of crypto-based financial products, creating a regulatory bottleneck that slows the launch of spot digital asset ETFs in the US.

Despite these setbacks, XRP remains one of the fundamentally strongest tokens in the market. Over the past year, XRP's price has surged by 360%, rising from $0.51 in November 2024 to around $2.43 on May 23, 2025. It even briefly surpassed the $3 mark in January 2025. As of the latest update, XRP is trading at $2.35, showing signs of recovery from the previous day's dip. This resilience suggests that bullish sentiment remains strong despite recent challenges.

On-chain data indicates that the percentage of stablecoin total supply held by whales with over $5 million USD has increased from 46% to 53% for XRP. This trend is seen as bullish because it implies that major players are building up substantial reserves of deployable capital, which they typically use to execute large-volume purchases of assets like XRP when they identify favorable entry points or anticipate upward price momentum. The increased stablecoin holdings suggest an intent to inject significant buying pressure into the XRP market, signaling strong underlying confidence in its future performance and potential for appreciation.

With the market awaiting ten applications for spot-based XRP ETFs in the US, there is potential for massive moves for the coin later in the year. According to analysts' forecasts, XRP could reach $3 by the end of Q2 and $4 by the end of the year. The recent performance of XRP has been particularly noteworthy, with the token recording a sharp 50% surge from its April lows. This rebound has reinforced bullish market sentiment and revived investor optimism. Technical indicators, such as the relative strength index (RSI) and the moving average convergence divergence (MACD), suggest continued strength and a potential run toward the psychologically significant $3 mark. The RSI has climbed to 58 on the daily chart, indicating bullish momentum without being overbought, while the MACD is on the verge of a bullish crossover.

XRP's recent price action has been driven by several factors, including Ripple's ongoing business expansion and the potential resolution of its legal battle with the SEC. Ripple has been actively pursuing new partnerships and expanding its presence in key regions, which has bolstered investor confidence in the token. The company's technology, such as the XRP Ledger, continues to gain traction in international payment channels, offering low-cost and efficient transaction capabilities that compete with traditional banking systems. The legal battle between Ripple and the SEC has been a significant overhang on the XRP market since late 2020. However, recent developments suggest that the legal winds may be turning in Ripple's favor. Procedural victories in the case have boosted sentiment among XRP holders, and a favorable outcome could be a massive trigger for the token's price. If Ripple prevails or settles amicably with the SEC, XRP could see a sharp repricing and potentially be listed on top U.S. exchanges and institutional funds.

The broader macroeconomic environment is also driving crypto assets, with a declining U.S. dollar and demand for crypto ETFs contributing to risk-on sentiment throughout cryptocurrency markets. Bitcoin's price action has raised the tide for most altcoins, including XRP, which typically benefits from greater market rallies. With Ripple news still enjoying institutional buy pressure and XRP value appreciating steadily, the token's fundamentals appear healthier than in previous cycles. While XRP remains vulnerable to market volatility and regulatory risk, its current price action and underlying fundamentals provide a promising setup. A close above $2.72 could set the stage for a test of the $3 level—a salient psychological and technical level. In the event that Ripple prevails in the XRP SEC lawsuit, analysts are bullish that the Ripple currency price will see fresh highs.