• Ripple’s legal win boosted confidence by proving XRP is not a security in public markets.  
• XRP demand may rise with the launch of a stablecoin requiring its use for blockchain transactions.  
• Experts believe Ripple’s blockchain progress could lead XRP to hit new record prices within the next year.  

Ripple has faced an extended legal dispute with the SEC since 2020, which accused the company of selling unregistered securities. The case created prolonged uncertainty for XRP investors, keeping its value below $1 for nearly three years.  

In August 2024, Ripple gained a partial victory when a court ruled that XRP is not a security when traded on exchanges. This decision reassured investors and pushed the cryptocurrency’s value higher, even though Ripple paid a $125 million fine for sales to other owners.  

The SEC’s appeal of the decision, which will be reviewed in January 2025, maintains a level of uncertainty for XRP’s future. However, SEC Chair Gary Gensler’s resignation, set for early 2025, has fueled expectations for a friendlier regulatory environment.  

Ripple’s Technology Expands XRP’s Market Utility  

The company’s progress in blockchain technology has created new opportunities for XRP, with innovations expected to increase its market demand. One key development is the planned launch of RLUSD, a stablecoin usable on both the XRP Ledger and Ethereum.  

This coin will require XRP for transaction fees, potentially boosting its adoption as more users engage with Ripple’s blockchain ecosystem. Additionally, Ripple’s inclusion in the world-renowned Swaps and Derivatives Association  has cemented its relevance in mainstream finance.  

These advancements have prompted experts to predict  development for the coin, with some foreseeing its eventual valuations reaching unprecedented levels. Its focus on enhancing the utility of its blockchain could further solidify its role in the world of finance.  

XRP Gains Momentum as Capitalists Anticipate Growth

The token’s prolonged period of stagnation below $1 gave way to a recent surge, leading many to anticipate a major breakout. Market analyst Azizov specified that extended periods of accumulation often precede explosive rallies, and XRP’s current trajectory appears to reflect this pattern.  

Veteran trader Peter Brandt has noted the token’s recent price movement as a clear breakout from a “massive coil,” signaling an opening for growth. its expanding partnerships and the broader adoption of blockchain technology also support expectations of a new all-time high by 2025.  

The post Ripple Gains Legal Wins and Drives Blockchain Growth   appeared first on Crypto News Land.

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