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.
The ongoing Ripple vs SEC case has significantly weighed down on XRP’s bullish sentiment in the past four years.
Ripple Labs’ XRP Ledger AMM protocol has printed a massive surge in overall transaction volume.
Historical chart patterns for XRP suggest that a significant price breakout could occur within the next few weeks by December 2024, similar to previous surges in 2017 and 2021.
Ripple submits Form C as it cross-appeals in its legal clash with the SEC while XRP trades 2% down in the past day.
Ripple CEO Brad Garlinghouse shared that major banks, including Citi Bank, rejected working with him due to his crypto involvement.
The mainstream adoption of crypto assets in the European market has helped Garanti BBVA to offer diverse products to its growing customer base.
The XRP Ledger has seen a massive spike in adoption as showcased by the unique active addresses surge.
The SEC has filed an appeal to reassess the Ripple case, but the legal move has had little immediate effect on XRP’s market price.
The Ripple Labs versus US SEC legal battle is advancing with Stuart Alderoty sharing insight into what next.
Ripple files a cross-appeal against the SEC, sparking a 2% XRP price surge amid ongoing cryptocurrency regulatory battles.
The SEC’s appeal impacts XRP, leading to whale movements, price uncertainty, and divided sentiment within the XRP community.
According to the core Xahau developer, Xahau will power the remittance services between Coopbank and inFTF.
Ripple’s Chief Legal Officer, Stuart Alderoty, criticized the SEC’s appeal, calling it an extension of the agency’s “litigation warfare”.
Legal experts, including former SEC attorneys, believe an appeal is likely, citing concerns about inconsistencies in rulings related to programmatic XRP trading.
Ripple has made significant investments in the XRP market to improve its liquidity and real-world utility following the closure of the SEC-led lawsuit.