HomeNewsTriumphs and Expansion: Ripple XRP's Thrilling Adventure

Triumphs and Expansion: Ripple XRP’s Thrilling Adventure

- Advertisement -
  • XRP experiences a drop of nearly 25% from a recent high following Ripple’s partial legal victory over the SEC.
  • The newly launched XRP20 token, amid the ongoing hype for 2.0-coins, enjoys a warm reception, reaching $200,000 in presale.

Ripple’s XRP has been on a tumultuous ride since its partial victory against the US Securities and Exchange Commission (SEC) a few weeks ago. The subsequent euphoria that engulfed the cryptocurrency market has evaporated, with XRP’s price dropping nearly 25% from a recent peak of $0.8875 over the past three weeks.

Ripple’s Partial Victory and its Aftermath

A US court ruled that XRP tokens offered for public trading aren’t securities, marking a significant legal victory for Ripple after a protracted dispute with the SEC. This decision sparked market-wide enthusiasm, with XRP experiencing an 80% price surge on the same day. Even other altcoins such as SOL, MATIC, and ADA benefited, registering an average increase of 30%.

- Advertisement -

However, the initial excitement has since subsided. XRP now trades around $0.6712, well below the previous high, representing a roughly 25% loss for those who bought in at the peak anticipating a rise to $1.

Despite wild price predictions for XRP ranging from $100 to $500, the cryptocurrency has struggled to find a firm footing post the legal victory. Such bold forecasts often serve to generate buzz rather than providing realistic expectations. As it stands, XRP’s value surpassing $1 by year-end would be considered a significant achievement, let alone achieving a valuation that exceeds the entire crypto market, including Bitcoin.

XRP20’s Promising Beginning

Amid the prevailing hype for 2.0-coins, the newly launched XRP20 token is gaining traction among investors, reaching $200,000 in presale within a few days. The token’s popularity is fueled by its staking capability and a burning mechanism that removes a portion of the token from circulation with each transaction, which might make XRP20 increasingly attractive to potential buyers.

- Advertisement -

>> Buy XRP quickly and securely with PayPal, credit card or bank transfer at eToro with low fees and deposit protection. Get started with XRP now. Visit Website <<

Considering the speed at which XRP20 tokens were purchased, the soft cap target of $1.85 million seems modest. As typical of Initial Coin Offerings (ICOs), initial momentum could be followed by a surge of interest, suggesting the XRP20 presale might conclude in the next two weeks.

The tokenomics reveals that 10% of tokens are reserved for DEX-liquidity, which means an efficient trade is assured with a liquidity pool of hundreds of thousands of dollars available upon listing on decentralized exchanges.

Given the impressive gains experienced by 2.0-coins recently, XRP20 emerges as a promising prospect worth investors’ attention.

Best Crypto Exchange for Everyone:

  • Invest in Ripple (XRP) and 70+ cryptocurrencies and 3,000 other assets.
  • 0% commission on stocks – buy in bulk or just a fraction from as little as $10.
  • Copy top-performing traders in real time, automatically.
  • Regulated by financial authorities including FAC and FINRA.

2.8 Million Users

Get Started


- Advertisement -
ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Jack Williams
Jack Williams
As a Blockchain Analyst, I specialize in analyzing the performance of decentralized systems and optimizing their efficiency. Through data analysis, I provide insights on blockchain technology, smart contracts, and cryptocurrencies to help businesses make informed decisions and improve their operations.
- Advertisment -spot_img