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International Business Times
International Business Times
Business
Marvie Basilan

A Year In $XRP: The Former Bitcoin Challenger's Story Of Redemption And Retribution

Ripple XRP SEC Bitcoin Crypto Donald Trump Brad Garlinghouse Stuart Alderoty Gary Gensler 21Shares
Ripple, when it fought back against the SEC's lawsuit, shone the spotlight on the Wall Street regulator's crypto crackdown, ultimately leading to the $XRP token's legal clarity. (Credit: IBTimes US)

KEY POINTS

  • $XRP had a rough start to 2024 as the SEC continue to hound Ripple over its token sales
  • By mid-year, Ripple saw some relief after getting ordered by a court to pay $125M instead of $2B
  • $XRP finally hit $1 after years of struggling, then it surged above $2 – a price range that made it the world's Top 2 crypto in 2017
  • Ripple's $RLUSD also helped get $XRP rolling as the stablecoin is expected to potentially challenge $USDT

There was a time when XRP, the native cryptocurrency of the XRP Ledger, was only second to Bitcoin in market capitalization, but things got shaky along the way, especially after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit over fintech firm Ripple's sales of the XRP token.

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