XRP Eyes $10 After 20% Bounce, as SEC Clarity, Trump’s 401(k) Order Lift Ripple Price
As excitement raced across the larger cryptocurrency market in the wake of significant legislative and legal developments, the price of XRP
Quick overview
- XRP's price surged over 10% to an intraday high of $3.33, buoyed by positive developments in the crypto market.
- President Trump signed an executive order allowing 401(k) accounts to include cryptocurrencies, enhancing retirement diversification options.
- Ripple Labs and the SEC have agreed to dismiss their remaining legal appeals, effectively closing a significant legal chapter for Ripple.
- With renewed investor interest and potential for broader crypto adoption, speculation about XRP reaching $10 is growing.
Live XRP Chart
As excitement raced across the larger cryptocurrency market in the wake of significant legislative and legal developments, the price of XRP jumped late Thursday, rising more than 10% in a single session.
Bullish Momentum Returns for XRP
Ripple (XRP) jumped to an intraday high of $3.33 in the late US session, bouncing off the 50-day simple moving average (SMA) near $2.73, which had acted as a springboard after a two-week pullback. With this breakout, XRP is now up 20% on the week and appears to be setting its sights on retesting its all-time highs.
The rally also coincides with broader crypto market strength, notably Bitcoin’s $2,500 jump to $117,500. This wave of optimism was sparked, in part, by a significant policy development from Washington.
XRP Chart Daily – The 50 SMA Held Well
Trump Executive Order Opens 401(k) Access to Crypto
On Thursday, President Donald Trump signed an executive order permitting U.S. 401(k) retirement accounts to include alternative assets like cryptocurrency, real estate, and private equity. According to a White House source, this unprecedented move aims to expand diversification options for retirement savers.
Supporters of the decision view it as a legitimizing step for digital assets—particularly stablecoins like RLUSD—while critics warn it could introduce excessive volatility and risk to retirement portfolios.
Ripple vs. SEC Legal Saga Comes to an End
In a separate but equally impactful development, Ripple Labs and the U.S. Securities and Exchange Commission have jointly agreed to dismiss their remaining legal appeals. This includes Ripple’s cross-appeal as well as the SEC’s effort to challenge parts of the mixed 2023 ruling by Judge Analisa Torres.
The judge had sided with Ripple in ruling that XRP sales on public exchanges did not constitute securities offerings, while agreeing with the SEC that institutional XRP sales violated securities laws. With both parties now dropping appeals, the case is effectively closed—removing a long-standing overhang from Ripple’s valuation.
Looking Ahead: Is $10 XRP Possible?
With legal clarity secured and fresh investor access on the horizon via retirement accounts, Ripple’s bullish trajectory appears poised to continue. Speculation is growing that XRP could reach $10 in the coming months, especially if broader crypto adoption accelerates in response to Trump’s policy move.
While some caution remains, the confluence of regulatory resolution and institutional tailwinds has reignited investor enthusiasm—and the $3.33 print may just be the beginning.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save