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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.
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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March 19, Ripple CEO Brad Garlinghouse announced that the U.S. Securities and Exchange Commission (SEC) had officially withdrawn its lawsuit against Ripple, marking the end of a legal battle that lasted over four years.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.
XRP has made a significant leap, now ranked as the third-largest cryptocurrency with a market cap of 145.56 billion USD. This surge was driven by increased investor confidence after the SEC withdrew its lawsuit against Ripple.
Currently priced at 2.50 USD, XRP saw a trading volume spike of 139.34%, reaching 8.28 billion USD. Analysts speculate XRP could challenge Ethereum, which requires a market cap increase of over 68.34%, equating to 244.19 billion USD.
Bitnomial is rolling out CFTC-regulated XRP futures to enhance trading opportunities in the U.S. This contract, available from March 20, 2025, allows actual delivery of XRP, greatly influencing market dynamics.
The launch benefits from improved regulatory clarity after the SEC’s decision regarding the Ripple lawsuit, marking a pivotal moment for XRP and its trading environment. Collaborations with partners like R.J. O’Brien and Marex further solidify Bitnomial’s commitment to compliance.
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