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Ripple's chief legal officer expressed optimism following the initial lawsuit ruling that U.S. banks might adopt XRP as the lawsuit clouds clear. Of course, only time will tell whether that happens.
Furthermore, and this is a biggie, the banks that utilize Ripple's payment network do so without needing to utilize the coin itself. This undercuts the main value proposition XRP has.
Cryptocurrency investors are having a great year in 2024. The total value of all coins and tokens across the industry currently stands at $3.5 trillion, more than doubling from where it ended in 2023.
S&P 500 chart by TradingView. But recent market performance is troubling. Since the start of 2024, when the new spot exchange-traded funds (ETFs) launched, Bitcoin (CRYPTO: BTC) is up 125%, while ...
XRP is the token used by RippleNet, a payment network designed to help banks and financial institutions move money around the world. It is essentially a global settlement system, currency exchange ...
Although XRP (CRYPTO: XRP) was once a crypto darling, it hasn't done much in recent years. Currently, XRP is trading for just $0.57 and is down about 10% for the year. By way of comparison, crypto ...
Coinbase Global (NASDAQ: COIN), one of the world's largest cryptocurrency exchanges, blocked its New York customers from trading XRP that same year. During the past 12 months, XRP's price has ...
With its price up about 240% year to date, Ripple's native token, XRP (CRYPTO: XRP), is one of several cryptocurrencies that have soared in response to Donald Trump's presidential election victory.