The post Is XRP Price Unstoppable After A Possible Acquittal? appeared on BitcoinEthereumNews.com.

Ripple’s XRP token saw a weaker performance in the last bull market than other coins at the top of the crypto market. This was due to Ripple Labs’ legal dispute with the SEC, which weighed the XRP price over the past few years. However, the XRP token has now held its ground at the top of the bear market. Can the XRP price explode again after a possible acquittal? What is XRP? XRP is the token of the Ripple payment network. Ripple is an international payment network based on the blockchain. Its aim is to make international payment transactions more cost-effective and efficient. In particular, the aim is to simplify payment transactions between different payment areas. The network token within Ripple is XRP. The Ripple network is not completely decentralized, as the company Ripple Labs holds the majority of the XRP tokens. In recent years, Ripple has become a network that many banks and financial companies use to optimize their payment transactions. How has the XRP price moved in recent years? In the last bull market, the XRP token was unable to reach the prices that the XRP token reached in the previous bull market in 2018. In 2021, the XRP price peaked strongly in spring and then again in September and November. At the beginning of November, the XRP pricewas still above USD 1.28. After that, the bear market set in. From TradingView – XRPUSD_2024-10-04 (5Y) In the following months, the XRP price fell sharply due to the onset of the bear market. At the turn of the year, the price was only USD 0.86. In June 2022, the XRP price then fell to a value of 0.30 dollars. But, yet again, In the weeks that followed, the XRP price recovered slightly. How the price has moved in recent…

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Filed under: News - @ October 4, 2024 8:27 am