Ripple's crypto ecosystem had a busy year in 2024, from its ongoing fight with the SEC to ETF ambitions and XRP's surging value. https://t.co/Dp9YIOyLnq
XRP's eventful 2024 includes a 7-year high price, SEC battle, and ETF aspirations, amid rising XRP value.
The Year in XRP: 7-Year High Price, Ripple vs SEC, and ETF Hopes Grow ► https://t.co/P7YHAAvvM6 https://t.co/P7YHAAvvM6
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.
