$XRP The price of XRP has seen a good increase recently, and at the time of writing this report, it has risen by more than 3%. It is trading at $2.43, and there are some reasons why XRP is rising.
One of the most important factors is a new bill being discussed in the state of Missouri called House Bill No. 594. If passed, it will allow people in the state to deduct all capital gains taxes from profits realized on things like Bitcoin and XRP. This means that if someone makes profits from trading these currencies, they will not have to pay taxes on those profits - and this is huge news for cryptocurrency investors in the United States.
Continued increase in XRP adoption in 2025
Another reason is that more people own XRP than ever before. So far in 2025, the number of XRP holders has increased by 11%, indicating growing interest in the currency
