XRP News Today: Why $XRP Price Is Rising and Will it Hit $50 Soon?

The popular altcoin XRP is back in the spotlight. After falling more than 3% in the past week, the token is now showing signs of recovery. Its price today is around $2.23, up nearly 2% in the last 24 hours. It holds a market cap of $131.36 billion and 24-hour trading volume of $2.4 billion, as per CoinMarketCap.

Source: CoinMarketCap

Why XRP is Going Up Today?

RLUSD Stablecoin Approval in Dubai : One big reason behind the surge is the latest rlusd news . Ripple’s enterprise-grade stablecoin, RLUSD, just got approved by the Dubai Financial Services Authority (DFSA). This means it can now be used legally in Dubai’s International Financial Centre (DIFC)—a business hub with over 7,000 companies.

Ripple shared the details over X (formerly Twitter) .

Source: X

This approval adds more trust to Ripple’s products and helps the altcoin get more real-world use. RLUSD is also approved by New York’s financial authority.

Ripple SEC Case Rumors: Another major factor is the SEC news . On June 3, social media rumors claimed that Ripple, the SEC, and Judge Torres may have reached a final agreement. Though unconfirmed, the buzz alone helped push the coin price up.

A popular investor, The Real Remi Relief, even posted that Ripple got a favorable deal and expects a public announcement by June 13. This has fueled hope in the community .

Polymarket XRP ETF Prediction : On Polymarket , prediction chances for ETF approval date surged from 78% to 93% in just a month.

Source: Polymarket

The prediction platform also showed 87% votes saying the token will stay above $2.10 by June 9. This boost in confidence shows how strong the support is for the coin .

XRP Price Prediction : Can It Hit $50?

Source: TradingView

• Short-Term (1–2 Weeks): The coin might stay between $2.00–$2.50 if volume picks up. The RSI is at 47.4, indicating a neutral trend.
  

• Mid-Term (1–3 Months): The coin could retest $3.00 if momentum builds. But dropping below $2.00 may send it to $1.60.
  

• Long-Term (6–12 Months): A successful SEC outcome and ETF approval could help it rise to $5–$10. Many analysts believe $5.50 is a reasonable target by early 2026.

Reaching $50 from $2.23 would mean it needs to grow over 2,100%—a huge leap for any coin. However, it's not impossible under the right conditions.

XRP ETF approval date is still unclear, but applications from big firms like Bitwise, CoinShares, 21Shares, and WisdomTree are under review. If approved, the XRP ETF news could bring massive institutional investment, giving a big boost to the price.

The Ripple SEC news also plays a key role. If the case ends in Ripple's favor, it would remove years of legal uncertainty. With the ETF approvals and subsequent use of stablecoin RLUSD, the token has the potential to see more application in real-world finance.

Conclusion

The recent price surge for the coin indicates the token is getting back on the move. As XRP news is centered on the expansion of RLUSD, possible court victories, and strong ETF demand, the cryptocurrency crowd is taking interest. Although the $50 price level is a long way off, solid fundamentals and expanding support provide a positive long-term outlook.

Disclaimer: This is for informational purposes only and investors are advised to do their research before making any investment decision.