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The XRP price surge also comes as investors bet on the future of Ripple products. Fox Business reported that the company’s long-awaited stablecoin, RLUSD , is poised for regulatory approval in ...
The coin’s value rose from $1.98 to a high of $2.46, amid news that Ripple’s highly-anticipated stablecoin, which has been in development since April, is preparing to debut.
Aside from broader market-related tailwinds, there are other token-specific factors driving today's positive price action with XRP. On Saturday, XRP saw its open interest surge to a record high.
In more token-specific news, Ripple, the company behind XRP, launched its highly anticipated stablecoin RLUSD this week, tracking the U.S. dollar. Earlier this week, Ripple said, "Each RLUSD token ...
The XRP (CRYPTO: XRP) cryptocurrency, often known as Ripple, jumped as much as 6.5% higher on Thursday morning.By 11:45 a.m. ET, the digital currency traded at 4.4% above the price from Wednesday ...
The XRP Ledger peer-to-peer overlay network is characterized by a small-world network topology, featuring a tightly clustered structure and short paths between nodes. [12] Information systems expert Mary Lacity notes that this platform "uses much less electricity than Bitcoin—about as much electricity as it costs to run an email server".
The defendants agreed to turn over all data involving XRP transactions. [30] In July 2023, the district court ruled on the SEC lawsuit, finding that the XRP token sold by Ripple Labs was not a security. However, if sold in institutional sales, or used as a fundraiser, such actions could be classified as a security in those circumstances.
XRP (CRYPTO: XRP) is losing ground in Tuesday's trading. The cryptocurrency's token price was down 5.6% over the past 24 hours, as of 4:30 p.m. ET. Meanwhile, the price of Bitcoin was down 5.4% ...