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.
President-elect Trump’s inauguration on January 20 is expected to be a potential catalyst for XRP’s growth, sparking hopes for the approval of spot XRP ETFs in the United States.
The US SEC has filed an appeal in the Ripple lawsuit, challenging the district court’s July 2023 decision that XRP transactions don’t qualify as “investment contracts”.
XRP hits $3 for the first time since 2018, experiencing a remarkable 14.45% surge amid heightened market activity and anticipated SEC legal developments. The token’s trading volume soars 154.53%.
Extending the 2024 bull run, XRP price aims to break the $3 threshold. Is this the best time to buy Ripple’s XRP token?
The Giving Block has received $100,000 in XRP from Ripple as part of the California Wildfire relief efforts.
Leader of the crypto pack, XRP, aims for an extended bull run in 2025. With a flag breakout rally, will XRP price hit a new all-time high?
The confidence of HODLers in crypto remains the key driving force. Here’s how the Bitcoin, Ethereum, and XRP price trend will shape in 2025 based on the change in non-empty wallets.
Analysts predict a 40% surge in XRP prices with the resumption of Donald Trump’s presidency, as they anticipate a favorable shift in crypto regulations.
Technical indicators and market analysis suggest XRP could reach $15 target based on bullish flag pattern formation and surging trading activity.
Newer trends suggest a 100% chance of XRP ETF approval by the end of Q1 2025, driven by pro-crypto changes under new SEC leadership led by Paul Atkins.
XRP price rises nearly 15% to $2.44, reclaiming third position in cryptocurrency rankings as whale activity and institutional interest drive market momentum.
It is interesting to note that the current market situation has still not been able to change the optimistic minds of some experts.
Despite recent selling pressure due to market turbulence, analyst Egrag Crypto predicts a potential rally to $27 for XRP, citing historical patterns.
Independent Reserve has made history as the first exchange in Singapore to list Ripple’s RLUSD, offering trading pairs in SGD and USD.
Stuart Alderoty has urged the incoming Trump administration to resolve the SEC’s lawsuit against Ripple, while XRP holds steady at $2.21 support level.