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Ripple Q4 Report: XRP Jumps 280% Amid Regulatory Clarity

Author: Content Editor
The XRP price experienced a significant increase of 280% in the last quarter of 2024 as regulatory challenges subsided and investor confidence was renewed. Trading volume soared, with Binance, Upbit Korea, and Coinbase being the top exchanges for XRP trading. The demand for XRP in the US strengthened after the presidential election, particularly on Coinbase. Institutional players also became more involved, with several filing for a spot XRP ETF. The US regulatory stance on crypto also shifted, with recognition of digital assets' role in the economy and a focus on regulatory clarity and stablecoin innovation. The SEC saw leadership changes and rescinded a controversial policy. Ripple remains engaged in a legal battle with the SEC, with an appeal filed by the SEC and Ripple set to respond. Activity on the XRP Ledger increased, with new wallets and transaction fees rising. Stablecoin adoption and institutional tokenization on XRPL also made progress. Overall, the XRP ecosystem continues to evolve and reinforce its role in the digital asset industry.

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