The Year in XRP: 7-Year High Price, Ripple v SEC, and ETF Hopes Grow

It’s been a key year for the Ripple ecology, marked by major launches and restored regulatory optimism. Despite a continuing dispute with the U.S. Securities and Exchange Commission that will quickly rage into its second season, that optimism comes. &nbsp,

However, XRP, a Ripple-linked resource, achieved costs not seen since 2018. In the process, it re-enters among the top three crypto assets by marketplace cap, and then several asset managers have filed papers to kick-start the XRP ETF regulatory process. &nbsp,

In XRP and Ripple, explore that and more throughout the season.

Ripple and SEC keep sparring

Nearly four years ago, the SEC alleged that Ripple sold unregistered securities, resulting in a$ 1.3 billion lawsuit against the business. &nbsp,

A judicial decision from last year found that Ripple’s sale of XRP to retail traders did not violate the country’s securities rules. However, the story is continuing to develop this year.

The SEC filed an appeal in October to contest aspects of the previous month’s decision, which was rather focused on XRP income on digital commodity trading platforms and individual sales by Ripple executives. Ripple Labs ‘ Chief Legal Officer Stuart Alderoty stated in a statement to that the initial appeal would fail on the SEC.

When may we hear? Alderoty predicts that a decision on this issue will be made by 2026. He predicts not to get longer.

XRP ETFs expected?

Billions of dollars poured into change traded goods for Bitcoin and Ethereum in 2024, and XRP joining the group in the U. S. is “inevitable” according to Ripple CEO Brad Garlinghouse. &nbsp,

Exchange-traded XRP products are now available in areas outside the United States, but some property managers have started the U.S. regulatory process in an effort to offer investors other choices.

The SEC received the filings for 21Shares’ XRP ETFs from professionals WisdomTree and Binary via the state of Delaware. According to experts, the potential for these Stocks helped control record-breaking outflows in those items, aiding an XRP price surge because well. &nbsp,

XRP hits seven-year great

In recent months, XRP&nbsp has attracted a lot of interest, eventually bringing in price levels that haven’t been seen in about seven years. &nbsp,

XRP broke past the level in late November and then extended its benefits to a local high of$ 2.82 earlier this month after peaking at$ 1.92 during the 2021 crypto pattern. In doing so, it quickly eclipsed Tether to become the third-largest crypto by market cap.

That fall pushed XRP to a level it hadn’t traded at since January 2018, when it made its still-standing all-time great of$ 3.40 according to CoinGecko. &nbsp,

The gift has since since fallen back from the local high, but it continues to be one of the year’s top-performing big crypto assets, increasing by more than 250 % in that time.

RLUSD launch

After many excitement, Ripple’s stablecoin—RLUSD—launched on December 17. Backed by by U. S. dollars, U. S. government bonds, and cash equivalents, RLUSD launched in a year in which stablecoins, or tokens pegged to the value of fiat currencies, jumped in circulation by 56 % from$ 130 billion to$ 204 billion, according to DefiLlama. &nbsp,

Designed to give people with cross-border repayment solutions, RLUSD is life for investing on Ethereum and the XRP Ledger.

Regulated by the New York Department of Financial Services, the Ripple bitcoin can be traded on MoonPay, Uphold, Bitso, Archax, and CoinMENA, with more choices expected to become available to consumers in the future. &nbsp,

Ripple does publish regular third-party attestations to sustain transparency regarding the stablecoin’s backing in order to avoid the controversy that has surrounded another stablecoin issuers.

XRP Ledger joins image group

Meme cash, led by Solana and the more than 4 million tokens that were deployed on the Ethereum Launchpad Pump, made a significant impact across bitcoin in 2024. joy. &nbsp,

However, the XRP Ledger briefly broke off the frenzy, allowing some investors to convert a few thousand dollars to a few hundred thousand. For example, one user trading the meme coin ARMY registered more than$ 100, 000 in profit and$ 400, 000 in unrealized gains off a$ 478 purchase just two weeks prior.

The trend caused a lot of action on the XRP Ledger, with validators agreeing to lower the stockpile fees or the amount of XRP needed to maintain an consideration on the ledger.

According to XRP Scan data, on December 2, XRP Ledger broke all-time records for the number of distinct active accounts and the number of new effective accounts, which reached a record high of more than 105, 000. &nbsp,

While most meme coins on the XRP Ledger have fully retraced, it was a ( brief ) window into life on the more meme-happy blockchains for participants.