Latest news with #RippleNet
Yahoo
13-07-2025
- Business
- Yahoo
It's not just Bitcoin: Altcoin XRP's price is also rising. Here's a possible reason why
Earlier today, Bitcoin hit an all-time high of over $118,000 per token, giving many crypto investors hope that the digital coin king may soon surpass the psychologically important barrier of $120,000. What is fractional leadership, and why is it booming now? 5 companies that could hit a $4 trillion market cap after Nvidia AI will kill the org chart But Bitcoin isn't the only cryptocurrency significantly on the rise today. The altcoin XRP is also up today—more than 13% over the past 24 hours as of the time of this writing. Here's a possible reason why. In the world of cryptocurrency, you have one king, Bitcoin. Keeping in line with the nobility nomenclature, the title of prince belongs to Ethereum, the second-largest crypto by market cap. The title of duke, then, would go to XRP, the third-largest crypto by market cap. All Bitcoins in the world currently have a market cap of about $2.3 trillion, while Ethereum sits at about $361 billion, and XRP hovers around $161 billion. XRP, then, is one of the bigger so-called altcoins on the market. According to Yahoo Finance data, the current price of XRP (XRP–USD) is right around $2.76 per token. One of the largest holders of XRP is Ripple Labs Inc., a company that offers digital cross-border payment solutions like the decentralized RippleNet. Over the past 24 hours, XRP has seen a significant increase. As of the time of this writing, the coin is trading at around $2.7636 apiece. That's a more than 13% gain in the last day. But why is XRP surging? Any rise or fall in any crypto is usually linked to more than one reason, but over the past few days, investors seem to be more bullish on XRP—and perhaps thanks in part to a specific event. As noted by The Coin Telegraph, on Wednesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs hosted a hearing called 'From Wall Street to Web3: Building Tomorrow's Digital Asset Markets.' The event covered a number of topics, as noted by Bitcoin Magazine, including the regulatory environment surrounding crypto. One of the witnesses at the event was Ripple Labs' CEO Brad Garlinghouse. Since that event, XRP has steadily increased. Garlinghouse's presence at the event seems to suggest to some investors that Ripple may have a growing involvement with policymakers in Washington. If so, it may help boost the appeal of XRP, which Ripple owns a lot of. Of course, whether Ripple Labs actually has an increasing involvement with policymakers in D.C. remains to be seen—and even if they do, it doesn't mean XRP is guaranteed any kind of upward trajectory. Still, over the past five days, XRP has surged 20%. While XRP's five-day jump of 20% seems impressive, it's nothing compared to what the coin has done over the past 12 months. Since last July, XRP has surged a staggering 507%, according to data from Yahoo Finance. That's an astounding return compared to its peers. Bitcoin, for example, is up just over 105% in the same period, and Ethereum is down just over 3%. This post originally appeared at to get the Fast Company newsletter:
Fast Company
11-07-2025
- Business
- Fast Company
It's not just Bitcoin: Altcoin XRP's price is also rising. Here's a possible reason why
Earlier today, Bitcoin hit an all-time high of over $118,000 per token, giving many crypto investors hope that the digital coin king may soon surpass the psychologically important barrier of $120,000. But Bitcoin isn't the only cryptocurrency significantly on the rise today. The altcoin XRP is also up today—more than 13% over the past 24 hours as of the time of this writing. Here's a possible reason why. What is XRP? In the world of cryptocurrency, you have one king, Bitcoin. Keeping in line with the nobility nomenclature, the title of prince belongs to Ethereum, the second-largest crypto by market cap. The title of duke, then, would go to XRP, the third-largest crypto by market cap. All Bitcoins in the world currently have a market cap of about $2.3 trillion, while Ethereum sits at about $361 billion, and XRP hovers around $161 billion. XRP, then, is one of the bigger so-called altcoins on the market. According to Yahoo Finance data, the current price of XRP (XRP-USD) is right around $2.76 per token. One of the largest holders of XRP is Ripple Labs Inc., a company that offers digital cross-border payment solutions like the decentralized RippleNet. Why is XRP surging? Over the past 24 hours, XRP has seen a significant increase. As of the time of this writing, the coin is trading at around $2.7636 apiece. That's a more than 13% gain in the last day. But why is XRP surging? Any rise or fall in any crypto is usually linked to more than one reason, but over the past few days, investors seem to be more bullish on XRP—and perhaps thanks in part to a specific event. As noted by The Coin Telegraph, on Wednesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs hosted a hearing called 'From Wall Street to Web3: Building Tomorrow's Digital Asset Markets.' The event covered a number of topics, as noted by Bitcoin Magazine, including the regulatory environment surrounding crypto. One of the witnesses at the event was Ripple Labs' CEO Brad Garlinghouse. Since that event, XRP has steadily increased. Garlinghouse's presence at the event seems to suggest to some investors that Ripple may have a growing involvement with policymakers in Washington. If so, it may help boost the appeal of XRP, which Ripple owns a lot of. Of course, whether Ripple Labs actually has an increasing involvement with policymakers in D.C. remains to be seen—and even if they do, it doesn't mean XRP is guaranteed any kind of upward trajectory. Still, over the past five days, XRP has surged 20%. XRP jumps 500% over the past 12 months While XRP's five-day jump of 20% seems impressive, it's nothing compared to what the coin has done over the past twelve months. Since last July, XRP has surged a staggering 507%, according to data from Yahoo Finance. That's an astounding return compared to its peers. Bitcoin, for example, is up just over 105% in the same period, and Ethereum is down just over 3%.
Yahoo
05-06-2025
- Business
- Yahoo
Why I Own XRP (Ripple) as Part of a Balanced Portfolio
XRP serves as a strategic hedge against inefficiencies in global financial systems. Unlike speculative crypto plays, XRP has real utility, processing over 1 million daily transactions. This 1% position provides portfolio insurance within my conservative 3% total crypto allocation. 10 stocks we like better than XRP › As an emerging tech investor focused primarily on growth stocks and disruptive technologies, I've built most of my portfolio around companies revolutionizing artificial intelligence (AI), cloud computing, and digital transformation. However, I also maintain strategic positions in select cryptocurrencies -- not as speculative bets, but as calculated hedges against traditional financial systems. Among my crypto holdings, which include Bitcoin (CRYPTO: BTC), Cardano (CRYPTO: ADA) and Dogecoin (CRYPTO: DOGE), XRP (CRYPTO: XRP) stands out as my most conviction-driven position. The crypto market has matured significantly since the speculative frenzy of previous cycles. Today's landscape offers genuine utility tokens solving real-world problems, and XRP exemplifies this evolution. While my tech stocks represent investments in companies disrupting existing industries, XRP serves a different purpose entirely: It's my hedge against the inefficiencies of global finance itself. The current SWIFT system takes 18 hours and costs up to $50 per international transfer, while XRP settles in seconds for roughly $0.0002 per transaction. While the SEC lawsuit isn't fully resolved -- Judge Torres rejected a key settlement motion in May -- both parties appear to be moving toward resolution. Rumors suggest a potential settlement announcement as early as June 13, which, combined with Trump's crypto-friendly stance and potential exchange-traded fund (ETF) approval, create a unique opportunity. But I'm not chasing quick gains -- I view XRP as essential portfolio insurance that could appreciate significantly as traditional finance struggles to keep pace with our digital economy. XRP represents my bet that traditional banking infrastructure will eventually be disrupted by blockchain technology. RippleNet already processes over 1 million transactions daily, proving that financial institutions are adopting this technology at scale. While SWIFT handles $150 trillion in annual transfers with its antiquated system, XRP demonstrates that cross-border payments can settle in seconds for fractions of a penny instead of days for $30 to $50. By owning XRP, I'm positioning myself to benefit when this superior technology inevitably displaces legacy systems. If blockchain disrupts traditional payment networks the way the internet disrupted media companies, XRP could appreciate significantly as the infrastructure powering that transformation. While I own Bitcoin as a digital gold hedge, Cardano for its academic approach to blockchain development, and Dogecoin as a small speculative position, XRP fills an entirely different role. Unlike most cryptocurrencies still searching for use cases, Ripple Labs has established partnerships with financial institutions and supports over 1,500 projects on the XRP Ledger. The recent launch of Ripple's RLUSD (CRYPTO: RLUSD) stablecoin further validates this ecosystem approach, positioning XRP to capture value, as the stablecoin market is expected to grow from around $204 billion in 2024 to $3.7 trillion by 2030. This combination of real utility, institutional partnerships, and expanding use cases sets XRP apart from purely speculative crypto plays. Polymarket shows 90% odds of an XRP ETF approval this year, which Standard Chartered estimates could drive $4 billion to $8 billion in first-year inflows -- equivalent to adding a PayPal-sized buyer to the market. However, meaningful institutional adoption depends on the final SEC lawsuit resolution. The June 13 settlement rumors matter less than the eventual regulatory clarity, which would remove the last major barrier preventing institutions from adding XRP to portfolios. Until then, I view current prices as an opportunity to accumulate before broader market participation. I dollar-cost average into XRP monthly, keeping emotions out of the equation. This isn't about chasing Standard Chartered's eye-popping $12.5 price target or timing market cycles -- it's about methodically building a position in a technology I believe will become essential infrastructure. Just as I accumulated cloud computing stocks before enterprises fully embraced the technology, I'm positioning in XRP before traditional finance fully embraces blockchain settlement. Despite the compelling use case, I only maintain a 1% portfolio allocation in this cryptocurrency. As such, my XRP allocation won't make or break my financial future, but it provides exposure to a potentially massive shift in how money moves globally. If I'm wrong, I lose 1%. If I'm right about blockchain disrupting SWIFT's $150 trillion annual flow, the upside justifies the risk. That's the kind of asymmetric opportunity I seek as an emerging tech investor. Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $656,825!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $865,550!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 George Budwell has positions in Bitcoin, Cardano, Dogecoin, and XRP. The Motley Fool has positions in and recommends Bitcoin, PayPal, and XRP. The Motley Fool recommends the following options: long January 2027 $42.50 calls on PayPal and short June 2025 $77.50 calls on PayPal. The Motley Fool has a disclosure policy. Why I Own XRP (Ripple) as Part of a Balanced Portfolio was originally published by The Motley Fool Sign in to access your portfolio
Arabian Post
28-04-2025
- Business
- Arabian Post
Ripple announces no IPO plans for 2025 despite growth
Ripple has made it clear that it will not be pursuing an initial public offering in 2025, despite its strong financial position and ongoing expansion in the digital payments sector. The company, led by President Monica Long, stated that it does not require additional capital or increased visibility at this stage. Ripple's decision to forgo an IPO has sparked curiosity, particularly given the company's prominent role in the cryptocurrency and blockchain industries. Founded in 2012, Ripple's blockchain-based payment solutions have gained significant traction among financial institutions, providing faster and more efficient cross-border payment systems. However, despite this growth and increasing adoption, Ripple believes its financial strength and current business model make an IPO unnecessary at this time. Ripple's business model, which revolves around facilitating real-time, low-cost international money transfers, has been lauded for its potential to revolutionise global payments. The company's flagship product, RippleNet, has been adopted by several large financial institutions and remittance services worldwide. This widespread adoption has allowed Ripple to expand its network while maintaining a steady revenue stream, enabling the company to self-fund its operations and future developments without the need for external capital. Monica Long, who took over as Ripple's president in 2022, reinforced this position during recent statements, explaining that the company is not in a position where it must seek additional funding to fuel its growth. Long highlighted Ripple's profitability, strong balance sheet, and ability to continue expanding its operations without relying on public market funding. 'We are financially sound and focused on executing our long-term strategy,' Long said. 'An IPO is simply not a part of our plan for 2025.' The announcement comes at a time when many technology and blockchain firms have been considering IPOs to capitalise on favourable market conditions. However, Ripple's decision to stay private also reflects broader trends in the blockchain and cryptocurrency industries. Despite the rise in popularity of blockchain-based financial services and decentralised finance , many blockchain companies have opted to remain private, citing concerns over regulatory challenges and market volatility. Ripple's unique position in the industry also plays a role in its decision to remain private. Unlike other cryptocurrency companies, Ripple has faced significant legal challenges, particularly from the U.S. Securities and Exchange Commission . The SEC filed a lawsuit against Ripple Labs in December 2020, alleging that the company had conducted an unregistered securities offering through the sale of its XRP token. While the lawsuit is ongoing, Ripple has managed to continue its operations and expand its offerings, positioning itself as a leader in the global payments space. The case with the SEC has been closely watched by the broader cryptocurrency community, with many viewing it as a potential turning point for the regulation of digital assets. Should Ripple win its case, it could have significant implications for the entire crypto industry, potentially providing greater clarity on how digital assets are regulated and whether tokens like XRP are considered securities. Despite the legal hurdles, Ripple has continued to strengthen its partnerships with global financial institutions. The company has worked with major players such as Santander, American Express, and PNC to integrate Ripple's payment solutions into their operations. These partnerships, along with Ripple's expansion into new markets such as Asia and the Middle East, have been key to the company's growth and continued success. See also KuCoin Secures Thai Market Entry with Full Regulatory Backing Ripple's stance on an IPO also reflects broader changes in the IPO market itself. While some tech firms still opt to go public in order to fuel further growth, others are increasingly choosing to stay private, preferring to raise capital through private funding rounds rather than public markets. This shift is part of a broader trend in the tech industry, where companies are opting for more flexibility and control over their operations. Ripple's decision not to pursue an IPO has been met with mixed reactions in the industry. On one hand, some analysts argue that an IPO could have provided Ripple with a valuable opportunity to boost its profile and raise capital for expansion. On the other hand, others see the company's decision to stay private as a sign of financial maturity and stability. Ripple's ability to sustain its operations and continue to grow without relying on public market funding is a testament to the strength of its business model. As the cryptocurrency landscape continues to evolve, Ripple's choice to remain private will likely be watched closely by other firms in the space. The company's success or failure in the coming years will offer valuable insights into the potential benefits and drawbacks of staying private in an increasingly public-facing industry. Arabian Post – Crypto News Network
Yahoo
25-03-2025
- Business
- Yahoo
Better Crypto Buy: XRP (Ripple) vs. Solana
It's time for a showdown between two of the most important cryptocurrencies in 2025. In one corner, XRP (CRYPTO: XRP) backed by Ripple, aims to revolutionize the traditional financial system with its blockchain-based payment alternative. On the other side of the ring, Solana (CRYPTO: SOL) is fueling the Web3 revolution with its lightning-fast network, home to a growing number of decentralized apps (dApps), smart contracts, and even meme coins. XRP has outperformed recently, up 14% year to date as I write this, in sharp contrast to the volatility facing Solana, down about 33%. Yet, going back two years, a $1,000 investment in either crypto would be coincidentally worth approximately $6,500 today, highlighting their history of rewarding investors. The question remains -- which crypto is the better buy right now? The new Trump administration has taken a decisively pro-crypto stance, establishing a working group to draft clear regulations, marking a departure from regulatory ambiguity. The Securities and Exchange Commission (SEC) has mirrored this shift by dismissing several enforcement cases against crypto firms and adopting a relatively hands-off approach to the industry. These changes have reinforced cryptocurrency's status as a legitimate alternative asset. XRP has emerged as one of the biggest winners from this favorable regulatory environment. The SEC formally dropped its long-running appeal of a 2023 ruling that XRP, sold by Ripple on public exchanges, does not meet the legal definition of a security. This decision paves the way for XRP to expand its role as a bridge currency in the RippleNet payment system, which has already been adopted by more than 300 global financial institutions. XRP's allure lies in its functionality as an intermediary, enabling a global network of near-instant, low-cost cross-border transfers. This real-world use case exemplifies how blockchain technology is transforming traditional finance, with ample reasons to believe the adoption tailwind is just beginning. Industry experts estimate the total annual value of all cross-border payment flows at $150 trillion, currently dominated by the Society for Worldwide Interbank Financial Telecommunications (SWIFT). However, this legacy system is known for inefficiencies, with wire transfers taking days and costing up to $50. XRP solves these issues by processing 1,500 transactions per second at just $0.0002, providing banks with a faster, cheaper solution for global payments. Despite competition from other cryptocurrencies like Stellar and Hedera, XRP's leadership role should help it consolidate market share. Investors who believe XRP represents the future of banking could consider buying it for the long run. While XRP has carved out a finance niche, Solana stands out through its booming ecosystem of broader crypto applications. Solana's high-performance blockchain has seen remarkable growth since its 2020 launch, leveraging key advantages over Ethereum, the reigning dApps leader. Solana boasts faster transaction speeds, lower costs, and greater scalability, driving a surge of development. Indeed, 2024 data reveals that Solana outpaced Ethereum in several key metrics, including new developers, new addresses, and daily transactions. Although Solana's $66 billion market cap trails Ethereum's $240 billion and XRP's $138 billion, its development momentum suggests significant upside potential as it lures activity away from Ethereum's blockchain. Meme coins, which are distinct cryptocurrencies built on the Solana blockchain, have proven highly popular. These meme coins, often with humorous names like Dogwifhat, lack utility beyond speculative trading but underscore Solana's vibrant Web3 ecosystem. Similar to XRP, Solana recently received welcome news from the SEC, which ruled that meme coins are akin to digital collectibles, effectively giving the market a regulatory green light. Ultimately, Solana's ability to remain at the forefront of crypto innovation helps make the case that it's one of the best cryptocurrencies to own. It's a tough task to choose between XRP and Solana, as I believe both can have significant long-term upside in the next stage of the crypto bull market. If forced to pick just one as the better buy right now, I'd give the edge to Solana, with a sense that its recent weakness has been overdone, meaning it could offer more upside compared to XRP on a possible rebound. Recognizing the potential for further near-term volatility, I suggest always investing with a long-term perspective and maintaining a diversified portfolio, but Solana is definitely worth a look. Before you buy stock in Solana, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Solana wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $744,133!* Now, it's worth noting Stock Advisor's total average return is 859% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of March 24, 2025 Dan Victor has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Ethereum, Solana, and XRP. The Motley Fool recommends Hedera. The Motley Fool has a disclosure policy. Better Crypto Buy: XRP (Ripple) vs. Solana was originally published by The Motley Fool Sign in to access your portfolio
