$XRP KEY FACTS....

One of the old timers of the cryptoverse, Ripple was founded in 2012 as a digital payment network for businesses and institutions. And its native token XRP earns brownie points for being one of the most environmentally friendly and cheap-to-transfer cryptos — which is good considering that’s its main use case.

However, since 2020, Ripple has been caught up with the SEC due to selling XRP as an allegedly unregistered security, which has been a thorn in its side for a while.

Key Facts:

1- Ripple and the SEC have proposed a settlement to resolve their four-year legal battle, featuring a $50 million penalty and the release of $125 million in escrow, pending court approval.

2- XRP payment volume has increased after the launch of the 3iQ XRP ETF on the Toronto Stock Exchange, raising hopes for a possible XRP ETF approval in the U.S.

3- XRP surged 8.1% in 24 hours, rising from $1.97 to around $2.20, amid a market rebound fueled by renewed optimism over geopolitical events.