As Ripple has stated, the surge in sales resulted from the increase in its On-Demand Liquidity (ODL) customers. Besides, it expanded XRP integration within several platforms.
Since Rosie brings a massive experience with understanding the legalities of currency and financial ecosystem,it will immensely help Ripple in its legal battle with the SEC over the alleged status of XRP as securities.
The Ripple CEO has decried the lack of proper crypto regulation as the company fights the SEC about the classification of XRP as a security.
Ripple currently has a lot on the table so the date for the IPO may depend on how soon the lawsuit with the SEC is settled.
As the SEC pushes for foreign regulators to join forces against Ripple, the case is likely to take a different stance before the final ruling.
The price of Dogecoin made 84.7% of its surge in the last 24 hours having recorded $0.28 as its highest price point before falling back to its current price point of $0.24.
XRP price is up more than 230% in the past two weeks and has tripled in value in the past three months
XRP, the digital currency that is central to the SEC onslaught, has caught on a new fire fueled by the latest victory Ripple inked.
According to Veteran Analyst Peter Brandt, XRP has formed an interesting head and shoulder pattern which signals a bullish run.
The question on Ripple’s valuations and its XRP holdings came after XRP jumped over $1 despite the ongoing legal battle with the US SEC.
Ripple token or XRP is an independent digital asset, native to the Ripple Consensus Ledger. Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native currency (XRP).
Released in 2012, Ripple purports to enable “secure, instant and nearly free global financial transactions of any size with no chargebacks.” It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. At its core, Ripple is based around a shared, public database or ledger, which uses a consensus process that allows for payments, exchanges and remittance in a distributed process.
