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Ripple’s XRP token faced significant hurdles over the last few years. The asset failed to gain momentum even during the 2021 bull run. XRP’s lackluster performance over the last few years was likely due to the lawsuit with the SEC. The financial watchdog accused the fintech company of selling unregistered securities. The company had a partial victory last year. The win led to a substantial boost in investor sentiment. While the lawsuit is still ongoing, many anticipate the asset to come out on top. Also Read: Shiba Inu: SHIB Price Prediction 10 Years From Now XRP Gaining Momentum Source: Reddit Ripple’s XRP is currently the third-largest crypto project by market cap. The asset has a valuation of about $154 billion. XRP’s price is down 1% in the daily charts and 15.9% over the previous month. Despite the dip, the asset’s price has rallied 4.6% in the weekly charts, 16% in the 14-day charts, and 384.6% since February 2024. Source: CoinGecko Also Read: Will GT...

The XRP price pumped more than 8% to above $3 for the first time since 2018 as Ripple chief legal officer Stuart Alderoty said the US Securities and Exchange Commission (SEC) lawsuit against the company has become “just noise.” XRP soared to as high as $3.18 in the past 24 hours, but has since pared gains to trade at $3.06 as of 3:02 a.m. EST. SEC Appeal Brief A “Rehash Of Already Failed Arguments”  Alderoty’s remarks and XRP’s surge came after the SEC filed its opening brief to appeal a final order that was delivered by Judge Analisa Torres of the US District Court for the Southern District of New York.  #XRPCommunity #SECGov v. #Ripple #XRP @Ripple The @SECGov has filed its opening brief.https://t.co/v0YTjHGxzV — James K. Filan 🇺🇸🇮🇪 (@FilanLaw) January 15, 2025 In its brief, the regulator said that Ripple executives Brad Garlinghouse and Chris Larsen “offered and sold over $2 billion of ...

XRP has experienced a significant decline of around 11% over the past day, hitting a low of $0.511 early on October 3. This downturn is primarily driven by a broader slump in the cryptocurrency market and is exacerbated by the ongoing lawsuit from the U.S. Securities and Exchange Commission (SEC) against Ripple, which continues to pressure XRP’s price. XRP Key Statistics Current Price : $0.52 Market Cap : $29.66 billion Trading Volume (24h) : $3.29 billion Circulating Supply : 56.56 billion XRP Total Supply : 99.99 billion XRP CoinMarketCap Ranking : #7 Recent developments highlight the weight of the legal battle on Ripple’s native token. Just yesterday, XRP was trading above $0.60 but now struggles around $0.52. This sharp drop followed the SEC’s appeal of a prior court ruling, which stated that secondary XRP sales do not qualify as securities transactions. Despite the current grim outlook, historical trends indicate that this dip could be a precursor to a s...

Ripple’s XRP token has faced significant hurdles over the last few years. The asset last traded over the $1 mark in late 2021, nearly three years ago. Despite its lacklustre performance, XRP has maintained its popularity in the crypto community and is still one of the most popular currencies for cross-border remittance. Also Read: Solana (SOL) Price Prediction For This Weekend: August End 2024 How Long Do You Have to Wait for XRP to Hit $5? For XRP to hit $5 from its current price, the asset will have to rally by nearly 793%. According to the analysts at Changelly, Ripple’s XRP token could hit a new all-time high of $3.57 in 2028. As for the $5 mark, the platform anticipates the token breaching it in 2029, about five years from now. The platform predicts XRP will hit a maximum price of $5.004 in 2029. Source: Changelly Also Read: DOGE Uptick Ahead? Elon Musk, Tesla Win Dogecoin Manipulation Lawsuit Telegaon researchers are more bullish on Ripple’s XRP token. The platfo...