Key Insights:
- Ripple backs the UK HM Treasury taskforce to support the growth of tokenized wholesale financial markets, to boost the XRP news outlook
- Ripple CEO revealed that the firm considered shutting down after the SEC lawsuit before choosing to fight the case.
- XRP price holds above key support as analysts watch for a possible move toward higher resistance levels.
Ripple Labs is fueling XRP news by backing the UK HM Treasury’s Wholesale Digital Markets taskforce as the country moves ahead with tokenized finance. The update comes as Ripple shared new details about its legal fight with the SEC, while XRP price continues to trade inside an important price range.
XRP News: Ripple Labs Supports UK Push for Tokenized Markets
Ripple Labs has announced its support for the UK HM Treasury’s Wholesale Digital Markets taskforce as the government steps up plans for tokenized financial markets.
In a post on X, the company said that onchain funds, bonds, and repurchase agreements are already being used rather than remaining ideas for the future. Ripple said these financial products can settle faster, cost less, and work better than many traditional systems.
The company believes the United Kingdom is in a strong position to become a leading market for tokenized wholesale finance. It pointed to the country’s well-developed capital markets and trusted regulatory system as key reasons.
Per the XRP news, Ripple also referred to estimates showing that tokenized wholesale markets could add as much as £33 billion to the UK economy every year by 2035.
The company welcomed the government’s latest strategy on tokenization and said it is proud to support the task force. Ripple has continued to promote blockchain use in financial markets. According to the company, the technology can improve how financial assets are issued, traded, and settled.
The latest announcement comes as more governments and financial firms look at ways to bring traditional financial products onto blockchain networks. Ripple has been one of the companies pushing that idea for several years.
Ripple Shares More Details About SEC Lawsuit
In other XRP news, Ripple revealed more about the difficult decisions it faced after the US Securities and Exchange Commission filed its lawsuit in December 2020.
Chief Executive Officer Brad Garlinghouse said company leaders discussed shutting Ripple down only days after the lawsuit was filed. One option was to close the business, distribute its XRP holdings to shareholders based on their ownership, and tell the SEC that the company named in the lawsuit no longer existed.
Garlinghouse said fighting the case looked very difficult because the government had far greater resources. Even so, Ripple decided not to close because doing so would have left hundreds of employees without jobs.
Chief Technology Officer David Schwartz later confirmed that outside lawyers told company leaders the business could not be saved. According to him, the advice at the time was for the executives to strike a deal to protect themselves.
Schwartz also said naming Garlinghouse and Ripple co-founder Chris Larsen in the lawsuit placed personal pressure on both men. He later said that some reports misunderstood his comments and stressed that he never meant to suggest Ripple was close to shutting down.
Garlinghouse also disclosed that the company spent about $150 million on legal fees during the four-year court battle.
XRP News: XRP Price Holds Key Support
XRP price is still trading within a narrow range after recent price swings and a positive XRP news trend. Market analyst More Crypto Online said both the latest rise and the latest drop formed three-wave moves. Because of that, the chart does not yet show a strong bullish pattern.
The analyst said the support area between $1.04 and $1.11 remains important. As long as buyers defend that range, the price could move toward $1.19 and later $1.25.
A move below the support zone would weaken that view and could trigger another decline within the broader downtrend. For now, the market is waiting for a clearer direction.
Even with the recent slow trading, the XRP price has recorded positive yearly returns over the last few years. The coin gained 47.6% in 2023, rose 31.2% in 2024, and added 35% in 2025.
So far in 2026, XRP price is up 3.89%. It shows that the digital asset has continued to post yearly gains despite periods of price weakness.
