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.
XRP has formed a head-and-shoulders pattern on the weekly chart which suggests a potential surge to $3 if bulls take over.
XRP price forms a symmetrical triangle pattern breakout on a multi-year chart highlighting chances of another 500% rally from here onwards.
Ripple Labs secured license from the Dubai Financial Services Authority (DFSA), becoming the first blockchain-based payments provider authorized to offer regulated XRP payment in the UAE.
The selection of XRP among other altcoins in the US crypto reserve has triggered mixed reactions but whale investors have been on a shopping spree.
A prominent crypto analyst forecasted that XRP will skyrocket to the $77.7 price tag as it jumped 20% in 24 hours.
Ripple Labs and South Korean crypto custody provider BDACS have formed a strategic partnership to deliver secure infrastructure for institutional players in the region, supporting assets like XRP and RLUSD.
XRP token soared a massive 6% in the past 24 hours after dropping to a low of $2.08 in the past 24 hours.
The heightened capitulation of XRP long traders in the last 24 hours has escalated the odds of a long squeeze In the coming days.
The sudden liquidation spree in crypto market cleans a bearish sweep across top cryptocurrencies. Amid the falling coins, XRP nears a crucial support trendline and a breakdown could trigger a major crash.
Following SEC’s dismissal of the Coinbase case, attention turns to the complex Ripple lawsuit, with Trump’s administration showing support while legal hurdles remain for swift resolution.
After successfully rebounding from the 2021 ATH, XRP is now well-positioned to enter its price discovery phase for the 2025 bull rally.
Mike Novogratz is convinced XRP and Cardano are among the industry leaders per their first-mover advantage.
The demand for XRPL products and services has increased in the recent past bolstered by Ripple Labs’ strategic partnership, thus bolstering macro bullish sentiment for XRP.
The highly anticipated end of the Ripple vs SEC lawsuit under the Donald Trump administration will further fuel XRP bullish growth toward price discovery.
Former SEC enforcement chief John Reed Stark has suggested that the US SEC may pause its appeal in the Ripple lawsuit, signaling a broader retreat from aggressive crypto enforcement.