- Ripple secures licenses in New York and Texas, bringing its global regulatory approvals to over 60.
- Ripple’s XRP token hits $11.18 billion trading volume in 24 hours despite broader market downturn.
Ripple secured Money Transmitter Licenses (MTLs) in New York and Texas this week. The company now holds over 60 regulatory approvals worldwide. This follows recent licenses obtained in Dubai and Singapore, regions actively shaping cryptocurrency policies.
Ripple’s licensing progress coincides with its ongoing legal dispute with the SEC, a case that has influenced its operational strategy for years.
“We’re continuing to see more interest from financial institutions to crypto businesses that want to unlock the benefits of crypto and blockchain for faster, cost-efficient and 24/7 cross-border payments. With years of experience working in both crypto and with financial institutions, Ripple is well-positioned to support companies who are ready to take advantage of the current landscape,” said Joanie Xie, Managing Director of North America at Ripple.
XRP recorded $11.18 billion in trading volume during the past 24 hours despite a broader market decline. The token’s price fell approximately 10% before stabilizing at higher levels. ETHNews analysts attribute the volume spike to increased investor activity, with data showing a 265.68% rise in trading interest.
Market observers suggest buyers are accumulating XRP at lower prices, anticipating a potential rebound.
Continuing with ETHNews reports, Ripple’s hiring expansion in the U.S. aligns with its regulatory advancements. The company has increased its workforce following favorable developments in its SEC case. A shift toward crypto-friendly oversight under the current SEC administration could further ease operational hurdles.
Meanwhile, XRP’s price trajectory remains a focal point
Stakeholders speculate that reclaiming $3.25 could position the token to challenge its 2017 peak of $3.84, though skeptics cite persistent market volatility.

Ripple CEO Brad Garlinghouse will address the public on January 28 via X Spaces, outlining the company’s 2025 strategy. His remarks are expected to touch on Ripple’s proposal to include XRP in a U.S. crypto strategic reserve—a controversial idea drawing mixed reactions.
2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler's SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved.
Today:
✅75% of Ripple’s open roles are now US-based, while…— Brad Garlinghouse (@bgarlinghouse) January 5, 2025
Critics argue the move risks centralizing influence, while supporters view it as a step toward institutional adoption.
The interplay between Ripple’s licensing gains, XRP’s trading patterns, and regulatory shifts underscores a critical phase for the company. For now, market participants await clarity on XRP’s price recovery and Garlinghouse’s forthcoming announcements.

The current price of XRP (Ripple) is $3.12 USD, reflecting a slight decline of -0.20% over the past 24 hours and a -0.67% drop over the last 7 days. Despite these recent minor fluctuations, XRP continues to be a major crypto project in the cryptocurrency market, ranked 3rd by market capitalization, which stands at $179,672,094,120 USD.
XRP’s 24-hour trading volume is approximately $2,602,506,587 USD, a decrease of 30.80% from the previous day. This drop in volume suggests a potential slowdown in trading activity or reduced interest from investors in the short term. XRP has a circulating supply of 58 billion tokens, out of a maximum supply of 100 billion, all of which were pre-mined.
Historically, XRP’s all-time high was $3.40 USD, recorded on January 7, 2018. The current price is 8.26% lower than this peak, which reflects the cryptocurrency’s struggle to reclaim past highs.
On the other hand, its all-time low was $0.002686 USD on May 22, 2014, making the current price an extraordinary 115,958.57% increase from that point.