Ripple's Tumultuous Journey: Legal Battles, Market Hurdles and a Glimmer of European Success

11.02.2024 12:27 91 times read Reading time: 2 minutes 0 Comments

Ripple in Crisis: Is XRP Still Redeemable or Does it Face the Final Curtain?

The Crypto Magazine reports on a critical phase for Ripple (XRP), characterized by an ongoing lawsuit with the SEC and technical chart hurdles. Despite a general uptrend in the market, XRP is lagging behind other altcoins, causing investor uncertainty.

At Blockchain Hero, 2024 is seen as a decisive year for Ripple's digital currency. Large transactions by "whales" could continue to weigh on the price, while significant events both legally and market-wise could be imminent.

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Ripple Receives VASP License in Ireland

Cointelegraph Germany reports a significant success for Ripple in Europe. The Central Bank of Ireland has officially licensed Ripple as a Virtual Asset Service Provider, allowing the company to offer certain crypto services and preparing for the adoption of European crypto regulations.

Is a Ripple Spot ETF Coming?

According to a report by BTC-ECHO | Bitcoin & Blockchain since 2014, a spot ETF for Ripple may follow after Ethereum. This would mean that institutional money could flow more easily into XRP - a development with potentially significant implications for the token.

XRP Performance Increases Significantly Despite Challenges

Another report from BTC-ECHO | Bitcoin & Blockchain since 2014 indicates that, despite all the difficulties, XRP has demonstrated a strong performance - particularly compared to other top cryptocurrencies like BNB.

Solana Briefly Surpasses Ripple's Market Capitalization

In a close race, according to BTC-ECHO | Bitcoin & Blockchain since 2014, Solana briefly overtook Ripple's position among the five largest cryptocurrencies in terms of market capitalization. A sign of how dynamically the field of leading digital assets can develop.

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