The crypto industry is on the verge of a huge shift as U.S. banks begin adopting Ripple’s $XRP for cross-border payments. The development could be a major milestone for Ripple, which follows a lengthy legal battle with the SEC that culminated in a court ruling in 2023 that $XRP was not a security.
Ripple’s legal journey and breakthroughs
$XRP’s acceptance and global expansion has suffered a major setback since the SEC filed a lawsuit in 2020 accusing Ripple of the unauthorized issuance of $1.3 billion worth of the digital asset. However, in 2023, the tables began to turn, with Judge Analisa Torres issuing a ruling that gave $XRP the legal clarity it so desperately needed, potentially making it easier to use in the banking industry.
Ripple’s innovations in RippleNet and On-Demand Liquidity (ODL) strengthen $XRP’s role in global finance. Anticipation is growing in the financial world as Ripple CEO Brad Garlinghouse hints at upcoming major events that could lead to wider adoption of $XRP by U.S. institutions. This development is a breakthrough for $XRP and helps it establish a strong market position.
Analysts see a bright future for XRP, with some seeing its ATH at $18. Currently, the price of XRP is hovering around $0.5, making it one of the best altcoins to buy.
Pay attention to the range from 0.674 to 0.683 at the upper position. This position effectively breaks through and stands firm, and the rise of Ripple coin really begins.
