Index
Indicators
Information about XRP (XRP)
Ripple (XRP) is a cryptocurrency created in 2012 by Ryan Fugger, Jed McCaleb, and Chris Larson. The Ripple project was developed to enable users to use financial institutions, banks, PayPal, and other services at meager costs and lightning-fast processing speed.
Ripple is a distributed peer-to-peer payment system that is open source. Ripple, like Bitcoin, uses blockchain technology to provide secure payment solutions that assist in the settlement of financial transactions between banks at meager costs.
Furthermore, the benefit of Ripple is that transactions are quick and do not require time to authenticate. Simultaneously, the Ripple platform enables users to trade everything from currency to gold to cryptocurrencies.
News
At the Blockworks’ Digital Asset Summit, Garlinghouse emphasized that he was never anti-Bitcoin, clarifying the context of his previous remarks about Bitcoin’s control by China. He acknowledged the industry’s positive growth and minimized concerns regarding China’s influence.
XRP’s unique address activity recorded a sixfold increase, indicating a heightened market interest. Additionally, XRP has outperformed Bitcoin by 288% since last November, demonstrating strong investor confidence.
Garlinghouse mentioned a significant potential for approving spot XRP ETFs in the latter half of 2025. Current predictions estimate an 82% chance of approval, reflecting favorable sentiments toward XRP’s market trajectory.
The SEC has classified proof-of-work cryptoassets as commodities, which opens doors for altcoin ETFs. This key ruling is expected to lead to multiple ETF approvals by Q2 2025, particularly for assets like Solana and XRP, increasing the attractiveness of altcoins.
Despite momentum towards pro-crypto regulations, there remains dissent from within the SEC, notably from Commissioner Caroline Crenshaw, who warns about potential loopholes in recent rulings. Nevertheless, the upcoming confirmation of Paul Atkins could position the SEC to approve more altcoin ETFs.
On March 19, Ripple CEO Brad Garlinghouse announced that the U.S. Securities and Exchange Commission (SEC) had officially withdrawn its lawsuit against Ripple, marking the end of a legal battle that lasted over four years.
Garlinghouse declared that Ripple had secured a significant victory, proving that XRP is not a security—an important legal clarification.
This positive news has fueled a sharp surge in XRP’s price, jumping nearly 10%. XRP’s 24-hour trading volume skyrocketed by 210.87% to $10.03 billion, reflecting strong market participation.
XRP has now officially become the third-largest cryptocurrency, with a market capitalization reaching $144.55 billion, surpassing USDT at $143.68 billion.
Brad Garlinghouse expects several XRP ETFs to debut in the second half of 2025, contingent on SEC approval. Currently, multiple applications, including those from notable firms like Franklin Templeton, are under review. Garlinghouse remains optimistic about XRP’s prospects in national crypto policy.
XRP’s value saw a 14% surge, reaching 2.57 USD, after recent positive news regarding the SEC ruling. Additionally, the U.S. Government plans to include seized digital assets, including XRP, in a new crypto stockpile, which may enhance asset accountability and potential sales.
People also own