In-depth analysis of factors influencing the recent trend of XRP
Regulatory environment Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission, is about to step down, and the market expects the new SEC chairman may adopt a more lenient and friendly attitude towards the crypto industry, which could bring hope for XRP. Moreover, Ripple's legal dispute with the SEC has seen positive developments, with a ruling from a New York federal judge alleviating excessive regulatory concerns about XRP, releasing positive signals for its future development. Technological development and application Ripple continues to invest in research and development, employing the XRP Ledger technology architecture and Ripple protocol consensus algorithm, which greatly enhances transaction speed, reaching up to 1,500 transactions per second, far exceeding traditional transaction speeds, with low transaction costs, laying the foundation for large-scale commercial applications. Ripple also plans to launch a stablecoin pegged to the U.S. dollar, RLUSD, which, if approved, will strengthen the ODL platform and further expand XRP's application scenarios and market demand.
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