Ripple's XRP continues to show resilience in the face of legal challenges and market volatility. The network recently set a milestone by processing over 6.3 million transactions in just one minute, showcasing its scalability and efficiency. This event was highlighted by Brett, a well-known figure on the X platform, who shared a video from another crypto enthusiast, Xaif.03, showing the spike in transactions.
This achievement comes at a crucial time as Ripple is still embroiled in its legal battle with the SEC. Despite uncertainties, Ripple has managed to secure institutional support, with a 266% surge in XRP purchases, according to CNF. A significant victory in 2023 saw a federal court rule that XRP is not a security, though the SEC has since appealed.
Ripple has also expanded into the crypto custody market, positioning XRP for broader institutional adoption, especially by global banks. This move reflects the company's forward momentum despite the ongoing legal challenges.