XRP News: Potential Ripple IPO Could Spark Major Breakout for XRP

Will Ripple’s IPO Launch Spark an XRP Breakout? Key Price Levels to Watch

XRP has dipped by 1.5% in the past 24 hours to $2.44 as the crypto market falls. However, it remains up by 7% in a week, 14.5% in a fortnight, and has seen a 285% increase in the past year. The SEC dropping its appeal against Ripple last week positions the firm to expand, including a possible IPO in the US. Such a public offering could provide XRP with a massive boost. Ripple CEO Brad Garlinghouse has remained tight-lipped about a rumored IPO.

CME Group Partners with Google Cloud for Tokenization

CME Group and Google Cloud have announced a collaboration to pilot solutions for easy and safe wholesale payments and asset tokenization using Google Cloud Universal Ledger (GCUL). The derivatives trading giant has completed the first step of testing and integrating GCUL. The two companies plan to start direct tests with market players later this year and aim to begin offering new services in 2026. Notably, CME Group has already launched $XRP futures and listed #XRP, classified for payments and stores of value.

Ripple vs. SEC Lawsuit Concluded

Ripple’s CEO, Brad Garlinghouse, announced that the SEC had dropped its appeal without conditions, marking the end of a prolonged battle that began in late 2020. Stuart Alderoty further clarified that Ripple had also agreed to drop its cross-appeal, with the SEC retaining $50M of the $125M fine imposed by US courts last year due to XRP’s unclear status.

XRPL Hits 2.8 Billion Flawless Transactions—Big Players Are Paying Attention

The XRP Ledger has handled over 2.8 billion transactions without any security failure, catching the attention of financial institutions globally. According to Jasmine Cooper, RippleX Head of Product, institutional investors are drawn to XRPL due to its speed and reliability. For instance, OpenEden has recently tokenized US Treasury bills on the platform, which institutional investors are purchasing for access to on-chain financial instruments. Additionally, global asset management titan BlackRock is also making moves in this space.