Bybit Crypto Insights Report: XRP emerges as a legit token, with further tailwinds from friendly compliance and institutional accumulation

Ripple’s XRP has emerged from years of regulatory uncertainty with renewed momentum. The August 2025 dismissal of SEC and Ripple appeals left the 2023 ruling intact: XRP sales on public exchanges are not securities. This resolution has unlocked institutional participation, particularly in payment corridors and ETF products.

What’s next technically?

Source: Bybit

XRP is currently trading at around $2.60, having rebounded strongly from its recent support level of $2.50. This upward move marks a significant technical shift, as the asset has formed a series of higher lows — an early signal of bullish momentum — and successfully broken out of a long-standing descending channel that had capped price action since mid-2024. The breakout suggests a reversal in trend, and opens the door for further upside.