Introduction
Will Ripple (XRP) price rise to $5 in 2024 despite SEC legal challenge? The token of the Ripple blockchain If the XRP token had not faced regulatory controversy, its value would have been horizontal, and most countries in the world would have adopted this token for cross-border transactions. Today we are going to give special information. Will the price of XRP, the official token of the Ripple blockchain, reach $5 in 2024? What is Ripple Blockchain? And what is the usefulness of Ripple Blockchain? And if Ripple wins the SEC regulatory legal battle, what will be the impact on its price? Padega?Where to get Cryptocurrency XRP?
What is a Ripple?
Ripple is a blockchain network co-founded in 2012 by Chris Larson and Jed McCaleb. Ripple is a blockchain and cross-border payments are made in this digital network and it is also a protocol. It has its cryptocurrency called xrp. Ripple uses its cryptocurrency xrp. The main function of the Ripple blockchain is to settle payments, exchange, and send assets, and Ripple completes the payment process by acting as an intermediary of exchange between two currencies or networks.
Will Ripple (XRP) rise to $5 in 2024 despite SEC legal challenge?
Eric van Miltenberg is the Chief Business Officer (CBO) of Ripple Blockchain. He said that despite the ongoing regulatory challenges in the US, Ripple’s business is rapidly gaining adoption for cross-border payments around the world. The US regulatory challenge does not pose any threat to Ripple’s global operations and prosperity. The Chief Executive Officer revealed this while speaking to CoinDesk and expressed his views about the company’s plans despite the regulatory uncertainty. Highlighted in the interview.
He said that I think there is regulatory uncertainty in the US right now and it is not clear. This process may take a very long time. Transactions (trade) of the Ripple blockchain are continuously moving forward without any problems. We think that we have lost the case.
Ripple is expanding its business abroad.
In the current financial year, Ripple has hired 80% of its employees abroad outside the US, which is an indication that Ripple’s cross-border payments are booming outside the US. Brad Garlinghouse who is the CEO of Ripple has revealed this business strategic move.
Ripple has been affected by the ongoing legal regulatory dispute of Ripple Blockchain with the US Securities and Exchange Commission (SEC), but Ripple is facing these challenges and playing an important role in cross-border payments in the world. It is available in Singapore, and Hong Kong, Acting as a pivot towards markets such as the UK and Dubai.
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There is a lack of regulatory clarity in the cryptocurrency industry.
The global cryptocurrency industry is keeping an eye on the legal battle between Ripple blockchain and the SEC. This decision will be an important decision for the future of the crypto industry. The US court recently rejected the SEC’s motion for an interim appeal.
US Judge Annalisa Torres has published in detail on the decision and revealed the SEC’s inability to properly prepare to submit questions for this appeal. However, cryptocurrency industry experts think that this topic is far from its conclusion.
Ripple (XRP) Overview
| Cryptocurrency | RIPPLE (XRP) |
| Ticker Symbol | XRP |
| Market cap | -1.74% (24H) $25,585,183,365 |
| Volume (24H) | +12.51 |
| Market Rank | #5 |
| Volume /Market cap (24H) | 3.19% |
| Circulating Supply | 53,441,027,384 XRP |
| Total Supply | 99,988,362,642 XRP |
| Max Supply | 100,000,000,000XRP |
| XRP PRICE | $0.4788 (-1.85%) |
Conclusion:
Ripple is slowly moving forward in the face of legal challenges. And seamlessly processing cross-border payments outside the US. Resolving the Ripple and SEC legal regulatory dispute will be great for the cryptocurrency industry. The times to come will be great for Ripple and cryptocurrency lovers. The world’s cryptocurrency industry and cryptocurrency lovers are keeping an eye on when regulatory legislation will arrive. Until this cryptocurrency regulatory law comes. There will be a cloud of uncertainty in the cryptocurrency market.
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FAQs
Q1 Will XRP go to $5 in 2024?
Ans : Yes, despite Ripple’s legal challenge, cross-border payments are being made in other countries of the world and countries and business establishments are adopting Ripple. Due to which the price of XRP token can be around $5 in 2024.
Q2 : What is the usefulness of Ripple?
Ans : Ripple is facilitating cross border payments with very low fees. It mediates payments between two currencies and two networks.
Q3 : What impact will Ripple have if it wins the SEC regulatory legal battle?
Ans : If Ripple wins the SEC legal dispute, the value of the XRP cryptocurrency on the Ripple blockchain will skyrocket and its adoption will increase.
Q4 : Where to buy XRP cryptocurrency?
Ans : Cryptocurrency XRP can be purchased from a trusted cryptocurrency exchange. Like Gemini, Coinbase,
Disclaimer
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