XRP, a cryptocurrency linked to Ripple, has reached prices not seen since 2018 and has climbed back into the top three crypto assets by market cap. Multiple asset managers have submitted filings to start the regulatory process for an XRP exchange-traded fund (ETF). The lawsuit between Ripple and the SEC regarding alleged unregistered securities sale is still ongoing, with appeals filed by both parties. The Ripple stablecoin, RLUSD, backed by USD and government bonds, has launched and can be traded on various platforms. The XRP Ledger experienced increased activity during the meme coin frenzy of 2024.



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