XRP News Quick Read: Legal Tailwinds Boost XRP to $2.38, ETF Approval on the Horizon

XRP Latest Price Overview

Image:https://www.gate.io/trade/XRP_USDT

According to the latest xrp news report, as of May 19, 2025, the current price of XRP is stable at around $2.38, although it has slightly fallen from the high point of $2.4292 on May 18, the upward trend from the previous week is still obvious. Analysis indicates that in the short term, XRP is gradually digesting the legal uncertainty and changes in market sentiment, preparing for subsequent upward momentum.

In the past week, XRP has accumulated a gain of over 8%, surpassing most mainstream cryptocurrencies. Its market ranking remains in the top five, with sustained increased market attention.

Ripple and SEC case progress

In the long tug-of-war between Ripple and the SEC, there has been another key development recently. U.S. District Judge Analisa Torres rejected the SEC’s motion for a ‘dispositive ruling’ last week, which is seen as indirect support for Ripple.

Ripple’s Chief Legal Officer Stuart Alderoty called the decision “procedural,” but there is a difference of opinion in the legal community. Some experts believe that if the SEC needs to resubmit the settlement proposal or go through a full voting process, the process may be further delayed.

It is expected that the SEC will discuss the Ripple case at a closed-door meeting on May 22, which may bring a more definite direction.

XRP-spot ETF dynamic tracking

The price of XRP is not only influenced by legal trends, but the approval process of ETFs also constitutes a strong driving force. Institutions such as 21Shares, Bitwise, Grayscale, WisdomTree, etc., have all submitted applications for XRP-spot ETFs. According to market prediction platform Polymarket data, as of May 19, the probability of XRP-spot ETF approval by the end of 2025 has risen to 83%, showing a high degree of market optimism.

It is worth noting that the key approval date for the Franklin ETF is June 17, coinciding with the court milestone for the Ripple case settlement update. The timing makes this day an important turning point that XRP investors must pay attention to.

Technical Analysis: Is it about to break through $3?

From a technical chart perspective, XRP’s current support level is at $2.30, with short-term resistance concentrated at the May 12 high of $2.6553. If XRP successfully breaks above this level, it may quickly test the psychological level of $3.00, and even challenge the historical high of $3.5505.

The daily chart shows that XRP is holding above the 20-day moving average and the 50-day moving average, with the MACD indicator showing a bullish crossover, indicating continued strengthening buying pressure.

Summary: Three key factors worth paying attention to for XRP’s future

Combining current XRP news reports, we have summarized three key driving factors that new investors should pay attention to:

1. Ripple vs. SEC case: Will it lead to substantial settlement or court’s clear guidance.
2. XRP-spot ETF approval progress: Whether the ETF is approved will significantly affect the capital inflow of the XRP market.
3. Market sentiment and technical breakthrough: If it can break through $2.65, XRP is expected to quickly challenge the $3 mark.

Overall, driven by the dual forces of marginal favorable regulatory information and the warming of capital expectations, XRP is expected to continue its rebound trend and become the “star currency” in the next stage of the cryptocurrency market.