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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Dec 27, 2023 09:51 UTC
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XRP Yearly Review: Ripple Legal Wins Pave Way for 2024 Price Boom
Despite legal wins and a 2% price increase, XRP's value remained fairly flat in December.
Legal victories, increased regulatory clarity, and major investments laid the groundwork for future growth.
Planned upgrades and Ripple's strategic initiatives, including an IPO, suggest promising avenues for XRP in 2024.
XRP, whether you like it or not, is a big deal in the crypto world. It’s been in the top five cryptocurrencies for over 10 years, holding its ground. Ripple, the company behind XRP, has been in a legal battle with the US Securities and Exchange Commission (SEC), affecting XRP’s price. While Ripple has had some legal wins recently, XRP’s price in December hasn’t seen much action, going up by just 2% from $0.61 to $0.63.
A Year in Review: XRP’s 2023 Insights
A comprehensive video analysis by Jungle Inc offers insights into XRP’s performance in 2023 and hints at what 2024 may bring. While there were light-hearted mentions of XRP receiving a “lump of coal” in price appreciation, the video emphasizes the significant progress XRP made during the year.
Key moments discussed include Ripple’s legal victory, providing clarity on XRP’s regulatory status, and a substantial $200 million investment to affirm its non-security classification. Additionally, the decision allowing investors to directly purchase XRP on major US exchanges is highlighted as a crucial step forward, setting the stage for potential growth in 2024.
Future Enhancements for XRP
The video outlines upcoming upgrades for XRP, such as the integration of Ammendments (AMM), stable coins, and Bridges on the XRP Ledger. These advancements aim to broaden the platform’s capabilities, catering to diverse use cases.
Also Read: Ripple Price Prediction : XRP Price Poised To Hit $1.2 Level in Next 55-Days
Ripple’s Strategic Outlook for 2024
Looking ahead, the video anticipates significant initiatives from Ripple in 2024, including potential acquisitions and business diversification, leading up to an expected IPO in 2025. Furthermore, the video conveys optimism about Ripple’s ongoing discussions with the SEC and the potential introduction of favorable crypto regulations, highlighting their positive implications for the market.
Read More: Did the SEC Offer to Settle with Ripple? Stuart Alderoty Exposes Hypocrisy!
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