2024

Toncoin

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<ul> 
 <li>XRP rose 10% in 24 hours, becoming the top-performing altcoin by market cap.</li> 
 <li>Legal anticipation regarding SEC’s decision fuels XRP’s price increase.</li> 
 <li>XRP’s utility in cross-border payments drives demand and investor confidence.</li> 
</ul> 
<p>XRP’s value rose by 10% in the last 24 hours and is now the best-performing altcoin in the top 100 coins by market capitalization. The <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noreferrer noopener nofollow">price</a> of XRP has risen by 18% in the last week, from $0.42 to more than $0.50 hence raising its market capitalization to more than $28 billion.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> IS UP 10% IN 24 HOURS !! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/y7bGfbEKzU">pic.twitter.com/y7bGfbEKzU</a></p>— Good Morning Crypto (@AbsGMCrypto) <a href="https://twitter.com/AbsGMCrypto/status/1811981786030747724?ref_src=twsrc%5Etfw">July 13, 2024</a>
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<p>The price surge is due to a combination of several factors such as the <a href="https://cryptonewsland.com/ripple-vs-sec-case-enters-final-judgement-phase-as-ripple-rejects-secs-reduced-penalty/" target="_blank" rel="noreferrer noopener">near completion</a> of the ongoing dispute between the Securities and Exchange Commission (SEC) and Ripple Labs.&nbsp;</p> 
<p>The verdict is likely to boost&nbsp; investor confidence hence a price surge. Last year, the court ruled that XRP was not a security, causing its price to spike in just 24 hours.</p> 
<p>XRP is being used as a fast and cost-effective cross-border payment option which has led to its wide adoption . Ripple’s technology, which uses XRP as a <a href="https://cryptonewsland.com/xrp-adoption-soars-over-5m-accounts-hold-more-than-59b-xrp/" target="_blank" rel="noreferrer noopener">bridge currency</a> for foreign transactions, has been adopted by many banks and money transfer services. As more institutions discover the financial advantages, demand for XRP is expected to rise hence pushing the price higher.</p> 
<p>The new partnerships and technical developments that Ripple is undertaking is driving the price of <a href="https://ripple.com/xrp/" target="_blank" rel="noreferrer noopener nofollow">XRP</a> higher. Ripple is constantly upgrading its technology and growing its ecosystem with major achievements such as updates to the XRP Ledger, collaborations with other blockchain projects. Each achievement achieved by Ripple could contribute to market interest and investment in XRP.</p> 
<p>The current spike in XRP has been fueled by legal speculation, anticipated regulatory clarity, and its utility in cross-border payments. XRP’s future is set to be positive due to Ripple’s continuous advancement of technology and the coming regulation clarity.&nbsp;</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
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 <li><a href="https://cryptonewsland.com/xrp-surges-near-q1-2024-highs-amid-institutional-interest/">XRP Surges Near Q1 2024 Highs Amid Institutional Interest</a></li> 
 <li><a href="https://cryptonewsland.com/coinbase-cpo-resigns-amid-widespread-crypto-firm-resignations/">Coinbase CPO Resigns Amid Widespread Crypto Firm Resignations</a></li> 
 <li><a href="https://cryptonewsland.com/toncoin-defies-market-trends-amid-widespread-selloffs-with-recent-surge/">Toncoin Defies Market Trends Amid Widespread Selloffs with Recent Surge</a></li> 
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</ul> 
<p>The post <a href="https://cryptonewsland.com/xrp-jumps-10-in-24-hours-amid/">XRP Jumps 10% in 24 Hours Amid Anticipation of SEC Ruling and Widespread Adoption</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

XRP Jumps 10% in 24 Hours Amid Anticipation of SEC Ruling and Widespread Adoption

Crypto News Land

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