Ripple’s 2023 Achievements: XRP Price Surge and Legal Victories
This year has been successful for Ripple and its native token, XRP. The price of XRP has increased by over 80% since the beginning of the year, and Ripple has achieved partial legal victories against the SEC, resulting in the dismissal of charges against its executives.
XRP Re-listed on Major Exchanges
Following its legal successes, XRP has been re-listed on several major cryptocurrency exchanges. Recently, Blockchain.com announced its support for XRP after halting trading in January 2021 due to the SEC lawsuit. Other exchanges that have relisted XRP include Coinbase, Crypto.com, and Kraken.
Future Price Predictions for XRP
Although the current price of XRP is stable, analysts predict a bullish future for the token. Some forecasts suggest significant price increases, with a potential value of $1.40 by March 2024.
XRP Embraced by Another Exchange
Despite the ongoing market correction, Ripple and XRP have experienced a successful year so far. The blockchain enterprise has received prestigious awards, and the price of XRP has surged by over 80% since January 1.
Ripple’s major achievement this year is its legal victories against the SEC. In mid-July, a federal judge ruled that Ripple’s XRP sales did not constitute an offer of investment contracts. In October, the regulator’s appeal was dismissed, and Ripple’s CEO and Executive Chairman were cleared of all charges.
With Ripple’s legal battle progressing favorably, several leading cryptocurrency exchanges, including Coinbase, Crypto.com, and Kraken, have decided to relist XRP on their platforms. The most recent addition to this list is Blockchain.com, which recently announced its support for XRP.
Where is XRP Headed?
Despite the recent addition of Blockchain.com’s support, the price of XRP has remained relatively flat. However, analysts have made bullish predictions for the future of XRP.
An analyst on Twitter believes that despite the recent market crash, XRP is on the right path and predicts a valuation of $1.40 by March 2024. Another analyst suggests that XRP might soon experience a “Golden Cross,” which could lead to an exponential increase in price.
If you’re interested in how XRP might perform in the coming weeks, check out our dedicated video below:
Hot Take: Promising Future for XRP
XRP has had a successful year with significant achievements and legal victories. The relisting of XRP on major cryptocurrency exchanges indicates growing confidence in the token’s future. While the current price remains stable, analysts are optimistic about XRP’s potential for significant price increases. With predictions of reaching $1.40 by March 2024, it seems that XRP has a promising future ahead. Keep an eye on this token as it continues to navigate the crypto market.
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