Ripple's XRP Is About to Get a New Upgrade. Here's What That Means for the Price of XRP
XRP's network will become faster and more efficient, but will that upgrade move the needle?
Ripple's XRP Is About to Get a New Upgrade. Here's What That Means for the Price of XRP
Overview
XRP (CRYPTO: XRP), the native cryptocurrency of the XRP Ledger, soared to a multi-year high last year after the SEC's lawsuit against Ripple ended. Back in 2020, the SEC sued the fintech company, whose founders created XRP, for selling its own tokens to fund the company's expansion. That lawsuit drove the top crypto exchanges to delist XRP.
When that lawsuit finally ended -- with a lighter-than-expected fine for Ripple and a ruling that XRP wasn't an unlicensed security when sold to retail investors -- the token's price surged. The SEC's approvals of XRP's first spot price ETFs amplified those gains.
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Originally published at www.fool.com.
