Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject
XRP has registered a commendable growth of more than 56% over the last thirty days. While this is the case for the 1-month timeframe, the crypto has been pretty volatile within that time period itself. Most of the volatility stems from developments in the ongoing SEC v. Ripple lawsuit. This sensational case has investors and traders closely following developments in hopes of exploiting little price movements here and there. However, for those who are interested in holding the crypto and playing the long game, it is important to look past these events and explore what makes XRP valuable and how it will contribute in the future.
Here’s AMBCrypto’s Price Prediction for XRP for 2023-24
On 4 October, CB Insights released its Fintech 250 report. This report talks about the most promising names in fintech and Ripple was one of the featured companies.
On the ESG front, Ripple revealed a strategic collaboration with Web3 carbon offset marketplace Thallo. This venture seeks to enhance the efficiency and transparency in voluntary carbon markets.
Taking a look at the token stats, data from CoinMarketCap revealed that XRP was trading at $0.51 at press time. The market capitalization stood at $25.7 billion. Meanwhile, the crypto recorded a 24 hour trading volume of $2.3 billion.
Ripple’s tie-up with Tokyo-Mitsubishi Bank in 2017 was a major milestone. Following the same, it became the second largest crypto by market capitalization for a brief period. A year later, Ripple was in the news again for its partnership with international banking conglomerate Santander Group for an
Read more on ambcrypto.com