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 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
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!
Cryptocurrency markets are experiencing fluctuations as traders brace for President Donald Trump's "Liberation Day" announcement,…
Grayscale, a leading crypto asset manager, has introduced two new Bitcoin ETFs, offering a fresh…
In a year marked by conservatism and a sentiment shift in crypto, one name is…
Particularly for Dogecoin (DOGE), Elon Musk, the billionaire entrepreneur CEO of Tesla and SpaceX, has…
The cryptocurrency market is no stranger to ups and downs, and this week, Shiba Inu…
XRP has struggled to break past the $2.5 mark despite strong market momentum. Meanwhile, Ozak…
