The legal battle between Ripple and the US Securities and Exchange Commission (SEC) may be over, but the stream of interesting news surrounding the company is far from finished.<\/p>\n
In this article, we dive into the latest developments and examine the price dynamics of XRP.<\/p>\n
Ripple has recently taken center stage due to its involvement with other projects. Earlier this week, TRM Labs <\/span>introduced<\/span><\/a> Beacon Network (described as \u201cthe first real-time crypto crime response network).<\/span><\/p>\n Ripple <\/span>reposted<\/span><\/a> the news on its official X account, saying it is \u201cproud\u201d to be a founding member of the project. \u201cWorking with industry & law enforcement, Beacon helps stop illicit funds before they exit the blockchain,\u201d the announcement reads.\u00a0<\/span><\/p>\n Just a few days later, Ripple <\/span>collaborated<\/span><\/a> with the Japanese financial giant SBI Holdings. The focus of the agreement is to distribute the company\u2019s stablecoin RLUSD through the licensed subsidiary, SBI VC Trade.<\/span><\/p>\n \u201cThe introduction of RLUSD will not just expand the option of stablecoins in the Japanese market, but is a major step forward in the reliability and convenience of stablecoins,\u201d said\u00a0SBI VC Trade CEO Tomohiko Kondo.<\/span><\/p>\n This<\/span> is not the first financial institution to get involved with Ripple\u2019s product. Other well-known names that have previously supported it include the oldest bank in the USA,\u00a0<\/span>BNY Mellon<\/span><\/a>, and the Swiss AMINA Bank.\u00a0<\/span><\/p>\n What\u2019s perhaps more intriguing is the latest development on the SEC vs. Ripple battlefront, where both parties have taken another important step to resolve their legal argument. The Second Circuit finally approved<\/a> their joint stipulation of dismissal.<\/p>\n Ripple\u2019s cross-border token had declined by almost 10% over the past week, dropping to under $2.8 amid a recent <\/span>selling spree<\/span><\/a> by whales.<\/span><\/p>\n However, the landscape changed yesterday evening after Jerome Powell\u2019s speech<\/a> at Jackson Hole. XRP, also fueled by the aforementioned update in the lawsuit against the SEC, flew from $2.8 to $3.1 within minutes before it settled at the current $3.05.<\/p>\n Before this price revival, the popular X user Ali Martinez <\/span>outlined<\/span><\/a> that the TD Sequential had flashed a buy signal. For their part, CRYPTOWZRD <\/span>described<\/span><\/a> $2.80 as the <\/span>main<\/span> daily support target, saying that the next resistance target is above $3.30 while a new ATH is possible on a sustained bullish reversal.\u00a0<\/span><\/p>\n Ever since the historical launch of spot BTC and ETH ETFs in the USA, the Ripple community has been eagerly awaiting the introduction of a similar product with XRP as the underlying asset. If approved, it will enable investors to purchase shares in a fund that directly holds the token, providing exposure to its price movements.<\/span><\/p>\n The companies that have filed to launch such an investment vehicle include Bitwise, Franklin Templeton, WisdomTree, 21Shares, and many more. Earlier in August, the odds of approval before the end of 2025 had slipped to nearly 50%, while Polymarket currently estimates a chance of over 80%.<\/span><\/p>\n There was a big update on this matter as well, which helped raise the odds. The SEC had delayed making a decision on the aforementioned filings by these companies. However, the potential ETF issuers responded swiftly, updating<\/a> their applications as the October deadline approaches.<\/p>\n <\/a>Ripple ETF Approval Odds on Polymarket<\/p>\n The post Ripple (XRP) News Today August 23rd<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The legal battle between Ripple and the US Securities and Exchange Commission (SEC) may be over, but the stream of interesting news surrounding the company is far from finished. In this article, we dive into the latest developments and examine the price dynamics of XRP. Partnerships, SEC Case Update, and More Ripple has recently taken […]<\/p>\n","protected":false},"author":0,"featured_media":90726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-90725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/90725"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=90725"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/90725\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/90726"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}XRP Price Outlook<\/span><\/h2>\n
XRP ETF on the Way?<\/span><\/h2>\n
![<\/a>Ripple ETF Approval Odds on Polymarket<\/p>\nThe post Ripple (XRP) News Today August 23rd<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"The legal battle between Ripple and the US Securities and Exchange Commission (SEC) may be over, but the stream of interesting news surrounding the company is far from finished. In this article, we dive into the latest developments and examine the price dynamics of XRP. Partnerships, SEC Case Update, and More Ripple has recently taken […]<\/p>\n","protected":false},"author":0,"featured_media":90726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-90725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/90725"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=90725"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/90725\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/90726"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-23-153838.png\"){kind=link}