XRP News: Cryptocurrency Faces Key Resistance at $2.40

In the ever-volatile world of cryptocurrencies, XRP, the digital asset tied to the Ripple network, has become the center of attention as it approaches a critical price resistance level. Here’s a closer look at what this means for investors and the asset’s future trajectory.

XRP Faces Key Resistance at $2.40

XRP, the cryptocurrency linked to the Ripple network, is encountering notable market resistance at the crucial price level of $2.40. Analyst @ali_charts has emphasized this resistance point, noting the recent price movements and indicating that this level will be crucial in shaping the asset’s short-term future. As XRP shows signs of upward momentum, the $2.40 resistance zone poses a substantial obstacle to further gains, potentially signaling a reversal or a breakthrough in the ongoing market cycle.

Ripple’s CEO Calls for End to Crypto Tribalism, Criticizes SEC

Ripple Labs CEO Brad Garlinghouse spoke at the Digital Asset Summit 2025 in New York, stating that crypto tribalism is the enemy of progress. He also confirmed that the SEC had lifted the lawsuit against his company. Garlinghouse criticized the SEC’s approach to regulating the crypto industry, particularly its case against Ripple, calling the system broken and stating that there were no victims or investor losses in Ripple’s case.

Bitnomial To Launch First Regulated XRP Futures in the US

Bitnomial has announced the launch of the first CFTC-regulated XRP futures in the US, physically settled for real market impact. The company voluntarily dismissed its case against the SEC as regulatory clarity improves. This move comes after the SEC dropped its lawsuit against Ripple, leading to a positive response in the price of XRP. The launch of an XRP futures contract could help lay the critical groundwork for spot ETF approval.

Ripple CEO Comments on IPO Plans, XRP Surges

Ripple CEO Brad Garlinghouse downplays IPO plans after the Ripple-SEC case ends. The court ruled that XRP is not a security when traded on secondary markets, but institutional XRP sales to accredited investors were classified as securities. Following the news, XRP jumped by nearly 11% to $2.52. Despite the SEC pulling back from its appeal, Ripple is keeping its appeal active, stating they will now be the plaintiff. Garlinghouse also mentioned that Ripple has spent over $150 million on legal fees defending the case.