XRP News Today! Governance & Launchpad DApp Set to Transform the XRPL

Further driving excitement is the upcoming launch of Xrpturbo’s Governance & Launchpad DApp, which is preparing to go live on the XRPL Testnet.

The DApp will also offer exclusive early access to new projects launching on XRPL, bringing Ethereum-style launchpad utility to the ledger for the first time.

XRP Market Volatility Continues Amid Legal Setbacks

XRP itself remains under pressure from ongoing legal uncertainty. On May 16, U.S. District Judge Analisa Torres rejected a joint motion from Ripple and the SEC seeking to modify injunctions and reduce Ripple’s $125 million penalty.

This ruling dented investor sentiment, with XRP dropping as low as $2.2994 before stabilizing around $2.39.

The market has responded with caution. According to data from Coinglass, open interest in XRP derivatives has declined, and trading volumes are down over 29%, signaling a retreat by leveraged traders.

XRP is currently hovering near its volume-weighted average price (VWAP) of $2.34, with bearish indicators suggesting potential downside risk if the $2.31 support level is breached.

ETF Prospects: Still Alive Despite Setbacks

Despite legal challenges, optimism about a potential XRP spot ETF remains. Data from Polymarket shows approval odds for an ETF by December 2025 sit at 83%, only slightly down from earlier highs.

Market analysts emphasize that for an ETF to materialize, the SEC will need to resolve its legal posture regarding XRP.

A favorable court ruling or settlement could revive institutional interest and unlock significant upside potential. Until then, XRP is likely to remain volatile.

Ripple IPO Buzz Adds Fuel to Speculation

Contributing to market excitement is renewed speculation about a Ripple IPO. Though CEO Brad Garlinghouse has downplayed immediate plans, estimates from notice.co place Ripple’s pre-IPO valuation at $10.88 billion.

According to a speculative analysis using xAI’s Grok, if Ripple were to eventually match the market caps of tech giants like Google, Apple, or Microsoft, XRP’s price could theoretically soar to $440–$735.

However, these projections assume perfect correlation between Ripple’s corporate growth and XRP’s market value—an assumption many experts caution against.

Conclusion

Even as Ripple’s legal battles overshadow XRP’s short-term trajectory, Xrpturbo is injecting fresh momentum into the XRPL ecosystem. 

The upcoming Governance & Launchpad DApp represents a major step toward community ownership and innovation acceleration on XRPL.