XRP News Today: XRP Price Resilience Shines as Holders Shrug Off Judge Torres Ruling and Ripple Wins Standard Chartered Support

Despite a recent court setback for Ripple, XRP has shown remarkable resilience, with market participants and institutional players maintaining strong confidence in the token’s long-term prospects.

The crypto community appears unfazed by the latest legal twist, while financial heavyweight Standard Chartered forecasts an ambitious future for XRP that could challenge Ethereum’s dominance.

XRP Price Holds Steady Despite Legal Hurdles

On June 27, US District Judge Analisa Torres denied a motion by Ripple and the SEC collectively to dismiss a permanent injunction and reduce Ripple’s monetary fine. The news saw a lukewarm reaction from the market, with the XRP price dropping from $2.15 to a low of $2.09—a modest drop of 2.7%.

XRP was trading at around $2.18, up 4.4% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

As crypto analyst and YouTuber Moon Lambo explained, the decline was made over a period of hours, without the characteristics of panic selling. “There was no cliff drop,” he said, pointing to the market’s response as tempered.

XRP dipped 2.7% after the Judge Torres news, but the gradual drop suggests holders remained calm and avoided panic selling. Source: Moon Lambo via X

By midday, XRP price regained around $2.19, suggesting that most owners were not shaken by the court decision. The tepid response reflects growing maturity among XRP investors, who increasingly see the Ripple lawsuit as a backdrop detail rather than a driver of the asset’s performance.

Investors Focused on Long-Term Utility

The broader XRP news landscape reveals that the utilization of the asset in practical usage continues regardless of court drama. Ripple’s Chief Legal Officer, Stuart Alderoty, reasserted that the legal status of XRP is already settled, with Judge Torres having ruled that the token is not a security in 2023. The SEC Ripple case now focuses solely on Ripple’s past institutional sales of XRP.

Stuart Alderoty stated that Ripple is weighing its next move after the court’s guidance, but confirmed that XRP’s non-security status remains unchanged and operations continue as usual. Source: Stuart Alderoty via X

Meanwhile, the investor base seems more focused on adoption and ecosystem growth. With institutional XRP holdings crossing $1 billion and several asset managers preparing for potential spot XRP ETFs, the Ripple market appears to be gaining momentum. These developments underscore growing trust in Ripple’s infrastructure, including the Ripple ledger and cross-border payment solutions.

Standard Chartered Predicts XRP Could Overtake Ethereum

Adding to the bullish sentiment, global banking giant Standard Chartered has voiced strong support for Ripple’s future. Geoffrey Kendrick, the bank’s Head of Digital Assets Research, stated that XRP could reach $5.60 by 2028. This forecast positions XRP as a serious contender to surpass Ethereum in terms of market capitalization.

Contrary to claims of lacking support, XRP is backed by major institutions, including BlackRock, Fidelity, JP Morgan, Bank of America, and Grayscale, among others. Source: ToniTheRippler via X

“Given its legal clarity and expanding network, Ripple crypto is on a clear trajectory for mainstream institutional adoption,” Kendrick noted. This statement reinforces the idea that XRP could challenge Ethereum’s $290 billion market cap in the next few years.

The prediction is rooted in more than just optimism. As Ethereum struggles to reclaim its former highs, currently stuck below $3,000, XRP’s growth potential becomes increasingly compelling. With Ripple XRP news pointing to global payment integration and growing banking partnerships—such as the rumored ties to Ripple Bank of America—analysts see a path toward rapid capital accumulation.

XRP Price Prediction Remains Bullish Despite Near-Term Weakness

Despite XRP currently trading around $2.09, with a monthly decline of over 10%, many market participants remain optimistic. The lack of strong negative momentum following the latest court decision suggests that sentiment has stabilized.

Crypto observers note that the XRP price has struggled to break through the $2.40 resistance in recent weeks. However, with institutional backing and the Ripple currency price narrative gaining traction, a breakout remains a realistic scenario.

While the idea of XRP overtaking Ethereum may seem bold, the convergence of reduced legal risk, strong community support, and institutional interest makes it an increasingly credible proposition.

Final Thoughts

In a market where sentiment often shifts on a dime, XRP’s resilience stands out. The muted response to Judge Torres’ recent decision reflects growing investor confidence, while Standard Chartered’s endorsement adds weight to long-term XRP price prediction models.

As the XRP lawsuit news fades into the background, and with increasing momentum from institutional partners, Ripple may be approaching a critical juncture. Whether it ultimately dethrones Ethereum or not, the signals from both market data and key players suggest that XRP’s role in the digital asset landscape is only just beginning to take shape.