Current XRP price:
* The current price of XRP is approximately $2.20.
* Against the Egyptian pound, this is approximately 111.61 Egyptian pounds.
Latest news:
* Price stability: XRP maintains critical support above the $2.20 level despite recent market volatility.
* ETF delay stirs speculation: The U.S. Securities and Exchange Commission's (SEC) decision to delay the review of the proposed Franklin Templeton ETF for trading XRP has sparked new speculation regarding the Ripple legal case.
* The appeal deadline is approaching: Ripple and the SEC are nearing the appeal deadline on June 17, 2025, increasing the significance of legal developments.
* Speculation about settlement: The ETF delay suggests the possibility of a settlement between Ripple and the SEC, which could involve the dismissal of some legal actions and a reduction of Ripple's fine.
* Launch of XRP rewards: Ripple announced a special XRP rewards event to appreciate community support during the long legal battle with the SEC. Eligible users will be able to claim free XRP tokens.
* Attempt to acquire Circle: Reports have emerged that Ripple attempted to acquire Circle, the issuer of the USDC stablecoin, as part of its expansion efforts.
* Focus on expansion in the United States: It seems that investors' focus is shifting from the SEC case against Ripple to Ripple's broader efforts to expand in the United States.
* SEC Chair calls for clarity: The new SEC Chair, Gensler, expressed a desire to end regulatory uncertainty and support cryptocurrency innovations.
* Potential breakout: Analysts are closely monitoring a potential bullish breakout of the XRP price towards the $2.41 level, although the market appears stable at the moment.
* Technical support and resistance: The technical support level for XRP is near $2.20, with immediate resistance around $2.2652. A breakout above this level could push the price towards $2.31.
Overall, it seems that the price of XRP is maintaining its stability amid anticipation of developments in the SEC case and the ETF delay. The launch of XRP rewards and expansion efforts indicate a potentially positive outlook, although regulatory uncertainty continues to affect the market.
