#Xrp🔥🔥 $XRP
Its computing speed is very fast
Its market value once broke into the third place on the leaderboard
It has great potential. However, its growth often depends on Bitcoin and Ethereum. Investment should also consider the trends of mainstream coins
- Market Situation: XRP's price is highly volatile and has experienced significant ups and downs in history. During the period of 2024 - 2025, influenced by the upcoming resignation of the chairman of the U.S. Securities and Exchange Commission (SEC) and progress in the Ripple vs. SEC lawsuit, the price saw a substantial increase, once becoming the third largest cryptocurrency by market value. As of February 7, 2025, the price was $2.35, and some institutions predict that the likelihood of XRP ETF approval in 2025 exceeds 70%. If approved, it could lead to a large influx of investment.
- Issuance Mechanism: The total supply of XRP is limited to 100 billion, with no possibility of issuance increase. The founder of the XRP ledger donated 80 billion XRP to Ripple, which locked 55 billion XRP in a series of escrow accounts, controlling its release through the ledger's transaction processing rules.
- Regulatory Situation: Ripple had a legal lawsuit with the SEC for three years, during which the SEC accused Ripple of conducting an unregistered securities offering through the sale of XRP. In July 2023, a judge ruled that XRP itself is not a security, and in 2024, the court reduced the SEC's fine request from $2 billion to $125 million, which is a significant victory for Ripple and XRP, helping to enhance market confidence.
