Let's reflect...
XRP, the token associated with the Ripple platform, continues to be in the spotlight of the crypto community. Recent events and news indicate significant prospects for the coin despite legal battles and current market challenges.
Recent news and key events
1. Legal victory of Ripple against the SEC
Ripple achieved a major victory in its case against the U.S. Securities and Exchange Commission (SEC). The court confirmed that XRP sales on secondary markets do not constitute the sale of securities. This decision brought greater clarity to the status of XRP and positively reflected on its price dynamics. Meanwhile, the SEC continues to contest some aspects of the case, and potential rulings in 2024 could further impact the market【126】【127】.
2. Growth in use for international transfers
XRP is becoming a key asset for cross-border payments. Ripple has received approval to expand operations in crypto-friendly regions such as the UAE and Hong Kong. This highlights the growing interest in RippleNet technology and the potential of XRP as a liquidity tool【126】.
3. Increase in trading volumes
In the third quarter of 2024, the average daily trading volume of XRP on top exchanges reached $600–700 million. Currently, it stands at $107.75 billion. This indicates a growing interest from institutional and retail investors. Additionally, a significant increase in trading volumes is recorded on the XRP/USDT and XRP/BTC pairs【126】.
Why is it worth buying XRP now?
1. Low entry price
$XRP is trading in the range of $1.8–$1.9, which is significantly lower than its historical maximum ($3.84). This creates a unique opportunity to buy the coin with an expectation of its further growth.
2. Resilience to market challenges
XRP has demonstrated stability even amid global regulatory uncertainty and ongoing pressure from the SEC. Its ability to withstand such challenges makes the coin attractive to long-term investors【127】.
3. Growth prospects in 2024
Analysts predict that the final decision in the Ripple vs. SEC case could significantly increase trust in XRP. Furthermore, if cryptocurrency regulation becomes clearer in the US, it will positively impact the entire industry【127】.
Risks to consider
While the prospects for XRP appear promising, investors should be mindful of the risks. Possible appeals of the court's decision by the SEC and instability in global financial markets could cause short-term volatility. Nevertheless, the long-term potential of XRP remains significant, especially if Ripple continues to expand into international markets.
What do you think about the future of $XRP ? Share your opinions in the comments!
If you are already investing in $XRP , share what factors played a key role in your decision. And if you are just considering buying, don't forget about risk management strategy.
