Ripple (XRP) News today August 23

The legal battle between Ripple and the US Securities and Exchange Commission (SEC) is perhaps over, but the stream of interesting news about the company is far from ready.

In this article we dive into the latest developments and we investigate the price dynamics of XRP.

Partnerships, sec case update and more

Ripple recently focused on the involvement in other projects. Earlier this week, TRM Labs entered Beacon Network (described as “the first real -time crypto crime response network).

Ripple re -posted The news about his official X account and says it is “proud” to be one of the founders of the project. “Working with industry and law enforcement helps Beacon helps to stop illegal funds before they leave the blockchain,” is the announcement.

Only a few days later, Ripple collaborate With the Japanese financial gigantic SBI Holdings. The focus of the agreement is to distribute the company’s Stablecoin RLUSD through the recognized subsidiary, SBI VC Trade.

“The introduction of RLUSD will not only expand the option of Stablecoins on the Japanese market, but is an important step forward in the reliability and convenience of Stablecoins,” said SBI VC Trade CEO Tomohiko Kondo.

This Is not the first financial institution that becomes involved in the Ripple product. Other well -known names that have previously supported it are the oldest bank in the US, Bny MellonAnd the Swiss Amina Bank.

What is perhaps intriguing is the newest development in the SEC vs. Ripple Battlefront, where both parties have taken an important step to resolve their legal argument. The second circuit ultimately approved their joint determination of dismissal.

XRP -Price views

Ripple’s cross -border token had fallen by almost 10% last week and fell to less than $ 2.8 in the midst of a recent Sales Spree By whales.

However, the landscape changed last night after the speech by Jerome Powell to Jackson Hole. XRP, also fueled by the aforementioned update in the lawsuit against the SEC, flew from $ 2.8 to $ 3.1 within a few minutes before it settled on the current $ 3.05.

Before this pricing, the popular X user Ali Martinez sketched That the TD sequence had flashed a purchase signal. For their part, Cryptowzrd described $ 2.80 as the main Daily support objective and says that the next resistance purpose is above $ 3.30, while a new ATH is possible on a persistent bullish reversal.

XRP ETF on the road?

Since the historic launch of Spot BTC and ETFs in the US, the Ripple community eagerly awaits the introduction of a similar product with XRP as the underlying assets. If approved, the investors enables to buy shares in a fund that holds the token directly, so that the price movements are exposed.

The companies that have submitted to launch such an investment vehicle include Bitwise, Franklin Templeton, Wisdomtree, 21Shares and much more. Earlier in August, the chance of approval before the end of 2025 went to almost 50%, while polymarket is currently a chance of more than 80%treasure.

There was also a major update on this issue, which helped to increase the chances. The SEC had delayed a decision about the aforementioned files of these companies. However, the potential ETF -Emitents responded quickly, whereby their applications update as the deadline approaches of October.