XRP Price Rises on Regulatory Clarity, Strong Institutional Demand
The XRP price has been showing steady upside momentum in recent trading days. Currently, it's trading at $1.4162, a daily gain of 0.81%. The asset remains above its key moving averages on both hourly and daily charts.
The SEC's approval of Nasdaq Texas Rule 5711(d) changes has officially recognized XRP as a commodity-based digital asset alongside Bitcoin, Ether, and Solana. This regulatory milestone has coincided with strong inflows into U.S. spot XRP ETFs, suggesting sustained demand and legal certainty are supporting liquidity and market participation.
According to analysts, the likelihood of an upward movement remains high, with only a limited chance of a bearish retracement in the next 2-3 trading days. The current technical strength and regulatory clarity support a scenario where sustained demand could drive a breakout above recent resistance levels, making upside extension the key development to watch.