$XRP ⚡ XRP: from revolution to courts and back
Brief background:
XRP is a token from Ripple, created for fast and cheap international money transfers.
It is not a “classic crypto” — it is not mined, not fully decentralized. But it works faster and cheaper than Bitcoin and Ethereum.
Main feature:
Ripple wanted to replace SWIFT. Banks were getting connected, everything was heading towards a revolution.
Problem:
In 2020, the SEC filed a case against Ripple:
— They claimed that XRP is a security, not a token.
— Trading of XRP in the USA was frozen, the price dropped, and the project was put on hold.
Resolution:
In 2023, the court ruled: XRP is not a security when sold on the secondary market.
The market revived, Ripple is back in the game.
Future:
— Ripple plans to go public (IPO).
— XRP may be re-integrated by banks and fintech.
— If ETF on XRP — 🚀
Conclusion:
XRP is one of the surviving old-timers of crypto. It has been buried before, but it will still bring the heat. Especially if regulation eases.