XRP News - May 2, 2026📈

XRP (XRP)Current Price: ~$1.39 (+1.0% in 24h)Top News: XRP is trading near the $1.39 level today as the community digests a mix of ecosystem expansion and executive reality checks. Over the weekend, Ripple CTO David Schwartz made headlines by directly challenging extreme valuation models, specifically shutting down theories that XRP could reach a $10,000 price target. Schwartz argued that if rational investors believed there was even a 1% chance of reaching such a target in the next decade, the market would have already priced it in heavily. Despite the pushback on hyper-bullish forecasts, foundational adoption continues to grow: Ripple has opened a new Middle East and Africa regional headquarters in Dubai, a strategic move set to double its local team to target high-fee remittance corridors. KBank has successfully completed its first-phase proof of concept for a new wallet app-based remittance system utilizing Ripple technology. Meanwhile, short-term price action remains range-bound as traders react to shifting regulatory sentiment; Polymarket odds for the successful passage of the highly anticipated CLARITY Act have just hit a three-month low.