$XRP The cryptocurrency that has been in the spotlight for a long time is back in the spotlight. Let's take a look at what's happening with XRP this week.
🗞️ Court victory:
- A judge in the Southern District of New York has ruled that XRP is "not necessarily a security." The ruling was a huge win for Ripple and sent the price of XRP soaring 71% to 80 cents per coin.
- The ruling raises hopes for a positive outcome in the case and could impact XRP's long-term prospects
📰 Price increase:
- XRP has soared 96% in the last 24 hours, outperforming other major cryptocurrencies. A judge has ruled that selling XRP on exchanges is not an investment contract.
- Investors and analysts are optimistic that XRP will rise to $1.00 in the coming weeks. A positive resolution of the lawsuit could push XRP to a new all-time high of $3.84, set five years ago.
😎XRP Features:
- XRP is the native cryptocurrency of the XRP Ledger, an open-source blockchain designed for fast and cheap payments.
🌐There are over 1,500 projects in the XRPL ecosystem, including NFT platforms, games, and solutions for financial institutions. For example, Forte and Ledger City are games that use XRPL. 🎮
- Using XRP as a bridge currency, international transactions can be made quickly and cheaply in less than five seconds, saving significant amounts of money.
👥 Notable XRP Holders: Ripple's founders are the largest XRP holders. XRP's ranking is also influenced by its significant presence on exchanges such as Binance, Upbit, and Uphold 💰
XRP continues to attract attention and its future remains interesting. Stay tuned for updates and successes of this cryptocurrency! 🪙🌟
#xrp #binance #CryptoNews #bnb
