XRP Holds Steady at $3 as SEC Ruling, Ripple Bank Charter, and ETF Plans Fuel Market Buzz

Ripple’s native token XRP has held firm around the $3 mark, up 2.3% in the past 24 hours, as the broader cryptocurrency market recovers slightly to a $3.76 trillion valuation.

Investor attention is sharply focused on multiple converging developments that could define XRP’s trajectory in the coming days, particularly the U.S. Securities and Exchange Commission’s (SEC) 03:00 UTC ruling on Ripple’s appeal withdrawal.

A favorable outcome from the SEC could finally put the long-standing regulatory uncertainty behind XRP and potentially establish its non-security status under U.S. law.

Technical analysts note that XRP has established solid support around $2.90, and a successful break above $3.3 could signal a rally toward the $3.50–$4.00 zone. The Relative Strength Index currently hovers near 49, reflecting indecision, but any positive catalysts may flip sentiment bullish.

Ripple’s Institutional Ambitions: Trust Bank Charter and SBI ETF Filing

Ripple is reinforcing its institutional credentials with a groundbreaking application to launch Ripple National Trust Bank, a federally chartered entity in New York.

Unlike traditional banks, the trust bank will focus on using XRP and Ripple’s RLUSD stablecoin to facilitate real-time settlement and liquidity solutions across financial networks like FedWire and ACH.

In Asia, Japan’s SBI Holdings has filed for the nation’s first Bitcoin/XRP ETF, alongside a hybrid gold-crypto fund. With a 9% stake in Ripple and plans to back up to $1 billion in XRP purchases, SBI’s move highlights growing institutional confidence.

The ETF is still pending regulatory approval but represents a major leap in legitimizing XRP among mainstream financial products.

Additionally, SBI’s commitment to stablecoin infrastructure, especially JPY-backed versions, suggests a growing ecosystem in which Ripple’s technologies will play a central role.

Community Boost: XRP Rewards Event and Market Sentiment Shift

Ripple has also launched the $XRP Rewards Event, a limited-time initiative to reward loyal holders and reignite community engagement.

While specific details remain scarce, early reactions on social media have been overwhelmingly positive. Historically, community events like this can increase user engagement and trading volume, potentially pushing prices higher.

Despite the sideways price action, analysts such as CasiTrades have pointed to bullish technical patterns, predicting a possible surge to $4.80 if XRP reclaims the $3.20–$3.30 range and breaks through the psychological $4 resistance.

With regulatory clarity, ETF inflows, and institutional banking infrastructure in development, XRP may finally be ready to test new highs.

Bottom Line

XRP is sitting at a critical juncture. With multiple tailwinds, including regulatory clarity, institutional expansion, and renewed community engagement, the token may be on the brink of a significant breakout. However, as always, market volatility remains a key factor, and traders should stay cautious amid macroeconomic uncertainties.