XRP News Today: XRP Holds Above $2 as SEC Case Nears End, Boosting Investor Confidence

XRP has maintained its stability above the $2 mark, entering the final phase of the prolonged legal tussle with the U.S. Securities and Exchange Commission (SEC), which will now focus solely on determining a monetary penalty. Ripple’s decision to withdraw its cross-appeal has removed a significant uncertainty for the altcoin. Analyst Crypto Cam suggested that “$2 is now a springboard,” as the price could test the $3-5 range. In a period characterized by global tensions, with Bitcoin pushing towards $110,000, XRP’s steady performance stands out.

Ripple has formally renounced its cross-appeal right in the ongoing case with the SEC since 2020, bringing the case down to the determination of a final monetary penalty. The four-year legal uncertainty had been a dampening factor on XRP’s price. The clarity in the litigation timetable has notably boosted investor confidence in the altcoin. Ripple’s acceleration of its national banking license and Fed “master account” applications in America opens a potential door for direct integration into the traditional financial system.

CEO Brad Garlinghouse emphasized a “unified financial bridge” vision during recent events, sharing plans to expand the U.S. domestic service network once the legal groundwork is clear. Approval of potential licenses could pave the way for offering XRP-based payment solutions in an integrated manner with banks. Investors believe these developments not only buoy price expectations but also strengthen long-term use cases for XRP.

In a period of geopolitical tensions with Bitcoin testing resistance around $110,000, XRP’s ability to maintain its footing above $2 suggests robust demand even during times of risk aversion. Analyst Crypto Cam noted that the $2 region has become a strong base, with the upward wave potentially reaching the first target at $3, and the primary target at $5. Breaking through the $2.50 technical point could open the door to the psychological threshold of $3.

The strong turnout at Ripple’s recent conferences reflects the community’s high energy levels. While positive signals are emerging on the legal front, the company’s banking moves enhance expectations of building bridges with traditional finance. According to analysts, the current scenario supports the price, and there is considerable potential for XRP to increase its market share.