XRP is trading steadily around the $3 mark as the crypto community awaits a key SEC decision regarding Ripple’s appeal withdrawal.
If the U.S. Securities and Exchange Commission confirms the withdrawal, analysts predict XRP could break through its immediate resistance at $3.30 and move toward $3.50, with bullish momentum potentially pushing the token as high as $4.80, according to recent technical forecasts.
The Relative Strength Index (RSI) remains neutral, while Moving Average Convergence Divergence (MACD) indicators suggest a possible bullish crossover. These signs point to an imminent breakout if investor sentiment aligns with favorable regulatory news.
Japan’s XRP ETF and South Korea’s Regulatory Backing Boost Optimism
Beyond the U.S., international momentum is building for XRP. Japan’s SBI Holdings recently filed to launch the country’s first-ever Bitcoin/XRP ETF, indicating strong institutional confidence in the token.
SBI Holdings, which owns a 9% stake in Ripple, has pledged up to $1 billion in XRP purchases as part of its strategic treasury diversification.
Meanwhile, South Korea’s BDACS, a regulated crypto custodian, has onboarded XRP, enabling compliant institutional access to major Korean exchanges like Upbit and Coinone.
This move grants XRP a regulatory safe harbor in one of Asia’s most crypto-active markets, aligning with South Korea’s push to enable spot crypto ETFs in H2 2025.
Ripple’s Ecosystem Expands with National Trust Bank and Community Rewards
Ripple’s ambitions go beyond token price. The company has formally applied to establish the Ripple National Trust Bank in New York, aiming to offer institutional liquidity and global settlement using XRP and its stablecoin, RLUSD.
This federally chartered bank could help Ripple bypass intermediaries like ACH and FedWire, integrating directly with U.S. financial infrastructure.
Simultaneously, Ripple has launched a new XRP Rewards Event to strengthen community engagement. While details remain sparse, the announcement has sparked renewed interest in XRP’s long-term potential, especially among long-term holders.
With increased institutional adoption, clearer regulations in Asia, and possible SEC relief in the U.S., XRP could surpass $4 and potentially reach $4.80 if bullish trends persist.
Cover image from ChatGPT, XRPUSD chart from Tradingview
