Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»EXCHANGE NEWS»Ripple Ecosystem Expansion: Will 2024 be the year of XRP?
EXCHANGE NEWS

Ripple Ecosystem Expansion: Will 2024 be the year of XRP?

By Crypto FlexsJanuary 7, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ripple Ecosystem Expansion: Will 2024 be the year of XRP?
Share
Facebook Twitter LinkedIn Pinterest Email

2024 could be a big year for Ripple. As the legal hurdles of the SEC lawsuit are cleared, institutional adoption is expected to be a key driver of ecosystem growth. But will this lead to a price surge for XRP?

Ripple ($XRP) ended 2023 at $0.62, up more than 65% from January, according to data from Coingecko. The cryptocurrency hit a yearly high of $0.82 in July after a favorable court ruling in the lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).

Judge Analisa Torres ruled that XRP sales on secondary trading platforms did not violate securities laws. Ripple’s position became more entrenched after Torres rejected the SEC’s request to appeal its July ruling on XRP public exchange sales.

However, the SEC did not give up on the Ripple case and filed an appeal against the programmatic selling of XRP. This is especially important because the company just scored a victory following a judge’s ruling that LUNA and UST are securities.

XRP still lags.

Despite the recovery, Ripple was considered to have underperformed compared to other major cryptocurrencies such as Bitcoin ($BTC) and Solana ($SOL). Bitcoin is up nearly 160% in the past year and Solana has surged over 1000% in the past year. The price of XRP has been stagnant due to unclear legality. The asset failed to recover its July 2023 level and fell nearly 24%.

XRP briefly rose to $0.64 this morning before retreating to $0.56 amid the ongoing market downturn.

Bitcoin also fell below $41,000 and then rebounded to $42,000. The sharp drop in the market follows comments from a Matrixport analyst who suggested the SEC could reject all spot Bitcoin ETF filings. So far, the agency’s decisions on several Spot Bitcoin products have been the most anticipated events of the month.

Ripple Ecosystem 2024 Outlook

Institutional adoption could accelerate the growth of the Ripple ecosystem this year. Ripple has already established partnerships with several prominent banks and institutions around the world, including Bank of America, Santander, Standard Chartered, and Axis Bank. These financial institutions have adopted Ripple’s technology to facilitate cross-border payments and reduce transaction costs.

Ripple Labs also had a big win in October 2023. The Singapore branch has obtained a coveted license from the Monetary Authority of Singapore (MAS) to operate in the country. This milestone approval gives Ripple legal approval to offer digital payment token services directly to customers in Singapore.

Adrien Treccani, Ripple’s Senior Vice President of Products, envisions a revolutionary change in the relationship between the financial industry and digital assets. Unlike in the past when the cryptocurrency industry sought validation from traditional financial institutions, the future is likely to see cryptocurrencies mature as they become more independent.

Ripple executives predict a surge in interest from major banks and corporations looking for digital asset solutions. According to him, this trend is driven by growing consumer demand for streamlined, transparent and comprehensive financial services.

He also highlighted the growing trend among banks to trial specific crypto-asset applications, emphasizing the importance of conducting these trials under a rigorous security and regulatory framework.

Treccani also praised Ripple’s milestones in 2023, especially the establishment of partnerships with numerous global banking giants. His outlook for 2024 is optimistic, predicting it will be a watershed year characterized by significant growth and change for Ripple and the broader cryptocurrency landscape.

The legal battle will end

Stuart Alderoty, Ripple’s chief legal officer, said he expects the company’s lawsuit with the SEC to be resolved within the year, and that the SEC is unlikely to suffer losses in this case as well as other major legal battles involving digital assets. I predicted it would be there. This could potentially increase the Supreme Court’s scrutiny and involvement in shaping the industry’s regulatory framework.

The SEC has previously filed lawsuits against many prominent cryptocurrency companies, such as Binance, Coinbase, and Kraken. Although US legal action has been a significant driver of XRP price, this may not be as important in the future.

The United States is in a dire situation financially, and with so many wars to support around the world, the massive USD spending isn’t going to end anytime soon. With this level of money spending, inflation is inevitable. If inflation is weaponized by America’s growing enemies, the consequences for USD-backed assets could be dire.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Are Monero in danger? Five orphan blocks were found during the Cubic Mining War.

August 7, 2025

Mara raises hashrates, reaches 50K Bitcoin, and plans to expand

August 4, 2025

Best visa stable coin encryption card

August 1, 2025
Add A Comment

Comments are closed.

Recent Posts

Vitalik Buterin regains the title of ‘Onchain Billionaire’, where ether reaches $ 4.2K.

August 10, 2025

Did you miss the TRON ‘S (TRX) 100X? Ruvi AI (Ruvi)

August 9, 2025

Re -creation attack in ERC -721 -Ackee Blockchain

August 8, 2025

The New Bybit Web3 Is Here–Fueling On-Chain Thrills With $200,000 Up For Grabs

August 8, 2025

Stella (XLM) Eye 35% Rally and Ripple and SEC END 5 years legal battle

August 8, 2025

Builders Are Proving What’s Possible With CARV’s AI Stack

August 8, 2025

Caldera Announces Partnership With EigenCloud To Integrate EigenDA V2

August 7, 2025

Are Monero in danger? Five orphan blocks were found during the Cubic Mining War.

August 7, 2025

One Card To Seamlessly Bridge Web3 Assets And Real-World Spending

August 7, 2025

Coinbase’s USDC fee, encryption or other banks?

August 7, 2025

Protocol Update 001 -scale L1

August 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Vitalik Buterin regains the title of ‘Onchain Billionaire’, where ether reaches $ 4.2K.

August 10, 2025

Did you miss the TRON ‘S (TRX) 100X? Ruvi AI (Ruvi)

August 9, 2025

Re -creation attack in ERC -721 -Ackee Blockchain

August 8, 2025
Most Popular

To accommodate Kwon Do-do, the trial between the SEC and Terraform Labs was postponed until March.

January 18, 2024

Mysterious whales can withdraw $ 5,000,000 from Solana at the coinbase to potentially accumulate AI coins: lookonchain

February 13, 2025

Encryption Leader bybit PowerS TOKEN2049 Dubai -Gold Sponsor shows Real World Crypto Utility.

April 27, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.