Here's the latest update on XRP ¹ ² ³:
- *Current Price*: XRP is trading at $2.15, with a 3.84% decrease in the last 24 hours. Another source indicates the price as $2.25, with a 2.34% increase.
- *Market Capitalization*: The market cap is around $132.58 billion to $134.41 billion, ranking it #4 among cryptocurrencies.
- *Recent Developments*:
- *Ripple and SEC Filing*: Ripple and the SEC have filed a joint motion to dissolve an injunction on XRP's institutional sales and reduce the $125 million fine. This move aims to settle the case without further appeals.
- *Partnerships*: Ripple has partnered with Guggenheim to launch digital commercial paper on the XRP Ledger and with JETRO-backed Web3 Salon to support XRPL projects in Japan.
- *Investment*: Ripple has invested $5 million in the Asia-Pacific region through its University Blockchain Research Initiative (UBRI), supporting blockchain research and education.
- *Wrapped XRP*: Coinbase has introduced wrapped XRP (cbXRP) on its layer-2 network, Base, unlocking new use cases.
- *Price Prediction*: Analysts predict XRP's price could reach $3.00 if the case settles favorably, but it may fall to $1.85-$1.90 if delays persist. The technical outlook shows bearish signals, with potential support at $2.25 and resistance at $2.32.
- *XRP Ledger Upgrade*: The XRPL is expected to receive a crucial upgrade for RLUSD and meme coins, enhancing its functionality.$XRP