As XRP trades near $2.30, showing slight dips amid market uncertainty, Ripple responds to the SEC with a call for clearer regulation. The company has sent a letter urging lawmakers—not regulators—to set straightforward rules for digital tokens like XRP, emphasizing the need for fair and simple guidelines.
XRP Trades Around $2.30 with Mixed Signals
As of May 28, 2025, XRP is trading at around $2.30, showing a slight dip of 0.43% over the last 24 hours, according to TradingView. The token is stabilizing at this support level after recently reaching a high of $2.65. Market analysts believe that if XRP holds above $2.30, it could regain momentum and push toward the $2.60 range in the short term.
However, technical signals remain mixed, with some warning that a break below support could trigger a drop toward $1.96. Investors are watching closely as XRP’s price movement may be influenced by broader crypto trends and regulatory developments in the coming days.
Ripple’s Take on SEC’s Token Guidelines
Ripple has taken a clear step in the ongoing conversation about crypto rules by sending a new letter after SEC Commissioner Hester Peirce’s “New Paradigm” speech. Shared by Chief Legal Officer Stuart Alderoty on X, the letter builds on the company’s participation in the SEC Crypto Task Force’s May 20, 2025, meeting.
Rather than addressing enforcement, Ripple focuses on policy clarity — emphasizing that digital tokens like XRP should not be treated as securities. To support its perspective, Ripple references legal insights from Lewis Cohen, who contends that tokens traded on secondary markets typically do not meet the definition of securities.
Ripple Pushes for Clearer Rules
Ripple’s letter referenced Judge Torres’ 2023 ruling, which confirmed that XRP traded on exchanges is not a security, though earlier institutional sales were considered investment contracts. Building on that, Ripple criticized the SEC’s unclear standards — such as requiring a token to be “fully functional” or “sufficiently decentralized” — arguing these vague terms confuse the market. The company believes that such regulatory definitions should originate from Congress, rather than being left to agencies.
To offer a better approach, Ripple proposed a clear rule: if a token was once tied to an investment contract, it should no longer be regulated as such once all promises to buyers are fulfilled. Holders no longer have rights over the issuer.
Ripple Backs Safe Harbor Plan
Ripple also advocated for a safe harbor rule to protect crypto projects that act in good faith during their development phase. This would give builders the room to grow without fear of sudden enforcement. Instead of focusing on whether a project is “decentralized,” Ripple suggested that regulators should look at network maturity — pointing to open, long-lasting, high-value blockchain networks that operate without central control as better indicators for thoughtful regulation.
Final Thoughts
XRP is holding steady around $2.30 even as the market shows some uncertainty. At the same time, Ripple is speaking up for clearer and fairer rules for digital tokens. They want lawmakers to create simple, easy-to-understand guidelines and protect new crypto projects as they grow. With rules still being decided, many people are closely watching to see how this will affect XRP and the broader crypto world going forward.
