XRP Price Stabilizes Around $1.44 Amid Regulatory Uncertainty

XRP's price has been trading steadily around $1.44, reflecting improved market conditions. However, the token is still sensitive to regulatory developments and may not yet be out of the woods.

The main obstacle remains the stalled U.S. crypto bill, which is being held up by disagreements over stablecoin rewards. Banks argue that interest-like payments on stablecoins could divert deposits away from traditional banking systems, while crypto firms see these incentives as normal competition. The bill's fate will have significant implications for the market, and its progress is being closely monitored.

Despite the regulatory uncertainty, XRP has shown resilience in recent sessions, with buyers stepping in to defend dips. However, this may not necessarily be a sign of a strong trend reversal, as short-term recoveries can still be influenced by positioning and volatility. Until clearer rules are established, traders will likely remain cautious and focus on whether buyers can maintain support without triggering selling pressure.