XRP Price Update:
As of late Thursday/early Friday, May 1/2, 2025 (around 12:05 AM PKT), XRP is trading in the range of $2.23 to $2.30 USD. Most sources indicate positive price movement over the last 24 hours, with gains ranging from 0% to around 3.9%. Over the past week, XRP has also shown modest gains.
Key News:
Real-time Salary Proposal: Ripple's proposal for real-time salary payments using XRP is gaining attention as a potential real-world use case that could drive demand.
ETF Delay & Settlement Rumors: The SEC has delayed its review of Franklin Templeton's XRP-spot ETF application. This delay has fueled speculation that the SEC might be considering accepting XRP for payments as part of a settlement with Ripple. Some believe the ETF delay could be strategic, allowing the SEC to potentially settle at a lower XRP price before institutional investment flows in.
SEC Lawsuit Developments: The SEC and Ripple jointly filed a motion to pause the appeal in their ongoing lawsuit, citing a potential settlement agreement. There's a key deadline of June 17, 2025, related to this appeal, which the market is closely watching for further direction on XRP's regulatory future.
Analyst Outlook: Some analysts predict a potential macro channel breakout for XRP that could lead to significantly higher price targets if it materializes.
Market Sentiment: While XRP has seen positive movement, the broader crypto market's performance and any further developments in the SEC lawsuit and ETF prospects will continue to influence its price action.
In summary, XRP is showing positive price movement alongside ongoing developments and speculation surrounding its ETF prospects and the long-running SEC lawsuit. 1 The market remains sensitive to any news related to these key factors. $XRP
