XRP is making headlines again, this time as a top contender for the best cryptocurrency to buy with $500. With Ripple’s legal drama nearing an end and upgrades to the XRP Ledger underway, investors are revisiting the token’s long-term potential—and this time, data backs up the hype.
Is the Ripple vs. SEC case coming to an end?
Ripple’s legal fight with the SEC is almost over after almost four years of courtroom drama. A court ruling in 2023 made it clear that XRP is not a security when it is sold to regular people. Now, final appeals could be thrown out as soon as August 15. If that happens, XRP will be free from one of the most famous legal problems in the history of cryptocurrencies. This will make it easier for more people to use it and for institutions to be interested in it.
David Schwartz, Ripple’s Chief Technology Officer, is also working on big improvements to the XRP Ledger. The switch to Rust-based architecture that is coming up is meant to improve speed, scalability, and developer engagement.
What is driving XRP’s technical momentum?
XRP is now worth $3.04, which is almost 6% more than it was before. The MACD (Moving Average Convergence Divergence) has crossed over to the bullish side on the 3-hour chart, which could mean that price momentum is starting to go up. The amount of trading has also gone up to more than $5.4 billion, which means that the market is interested again.
If XRP goes above $3.10, analysts say it could go up to $3.30, which is close to its all-time high of $3.84. But if it doesn’t keep going, it could drop back to the $2.85 support range.
Are long-term investors backing XRP’s future?
Yes, and more and more people are doing it. According to Glassnode, the number of wallets holding XRP has been steadily rising for more than two years. Some addresses have held the token for more than seven years, which shows that investors are very sure about it even though it has been volatile and there is still some legal uncertainty.
These long-term “HODLers” show that XRP isn’t just a trade for a short time.
XRP is worth a closer look, whether you want to invest $500 or just take a look at your portfolio again. Legal clarity, bullish signals, and long-term holder confidence make it one of the most talked-about cryptocurrencies as we get closer to mid-August.
