In 2024, the XRP Ledger has demonstrated strong network activity, with its velocity increasing significantly, suggesting a potential rise in XRP's price. Following the recent U.S. presidential election, XRP surged 430%, climbing from $0.53 to $2.82 in less than a month. Analysts indicate that the XRP Ledger's fundamentals are strengthening, with the velocity metric nearing a breakout from its descending trendline, which often precedes bullish price movements. Additionally, XRP's price reached a seven-year high amid ongoing legal challenges with the SEC and growing aspirations for an exchange-traded fund (ETF). The year has been marked by notable developments in the Ripple ecosystem, contributing to the rising value of XRP.