Here’s the latest XRP news:
- SEC Appeal Update: The SEC faces judicial pushback on its crypto classification efforts, with the Ripple and Kraken cases signaling shifting legal interpretations. The SEC’s appeal plans will significantly impact XRP’s price, which could reach record highs or multi-year lows .
- XRP Price Trends: XRP’s price currently stands at $2.99, with a 4.37% increase in the last 24 hours. The market cap is $172.13B, with a circulating supply of 57.64B XRP.
- Regulatory Clarity: Regulatory developments will play a crucial role in dictating market sentiment. The SEC’s appeal strategy and Trump administration policies will significantly influence XRP’s future.
- Bitcoin’s Impact: Bitcoin’s price trends, particularly its potential to become a strategic reserve asset, will also impact XRP’s price. BTC’s current price is above $100K, with a potential to reach $108,231.
- Ripple’s Future: Despite the ongoing lawsuit, Ripple has a bright future ahead, with its payment gateway facilitating transactions between users. The XRP Ledger’s benefits, including low-cost transactions and scalability, make it an attractive option.