XRP Price: What’s the Latest XRP News Today?
According to the market data from Gate.io, XRP reached a daily high of $3 and has now fallen back to around $2.57, with a 24-hour gain narrowing to 14.1%. XRP’s current circulating market value is $149.2 billion, ranking 3rd in the market. In addition, XRP’s total circulating market value has reached $257 billion, just a step away from ETH’s circulating market value. Just today XRP When XRP touched a high point of $3, its fully circulating market value once exceeded that of ETH.
On the evening of March 2nd Beijing time, the newly elected US President Trump posted on social media, stating, ‘After years of suppression by the Biden administration, the US cryptocurrency reserves will enhance the status of this key industry. That’s why my utive order on digital assets instructs the President’s Working Group to advance strategic reserves of cryptocurrencies including XRP, SOL, and ADA. I will ensure that the US becomes the crypto capital of the world. We are making America great again!’ Influenced by the news of ‘Trump will advance strategic reserves of cryptocurrencies including XRP token,’ XRP briefly surged nearly 40%, reaching the $3 integer mark before falling back.
About XRP
Ripple Labs is a financial technology company founded in 2012, focusing on optimizing the global payment using blockchain technology. Its core product RippleNet is a decentralized cross-border payment network designed to replace the traditional SWIFT , providing banks, payment institutions, and enterprises with faster and lower-cost international remittance services. Unlike traditional cryptocurrencies, RippleNet uses a unique consensus algorithm (rather than proof of work), supporting processing of thousands of transactions per second, with settlement times as fast as 3-5 seconds. The company also collaborates with over 300 financial institutions globally, including Santander and American Express, to promote the implementation of blockchain in the financial sector.
XRP, the native token issued by Ripple Labs, is the key bridge asset of this eco. In cross-border payments, XRP acts as an ‘intermediate currency,’ helping institutions reduce liquidity costs and avoid currency exchange risks. For example, its On-Demand Liquidity (ODL) solution allows institutions to instantly convert fiat currency to XRP, quickly exchange it back to the target fiat currency after completing cross-border transfers. Although XRP is adopted by some institutions for its efficiency, the centralized issuance model (a total of 100 billion tokens, half managed by Ripple) has also sparked controversy. In 2023, Ripple achieved partial victory in its lawsuit with the U.S. SEC, with the court ruling that XRP itself does not constitute a security, clearing some obstacles for future development.
Future Outlook of XRP
The future of XRP highly depends on the regulatory environment and the commercial progress of Ripple. In the short term, the phased victory of the US SEC lawsuit may enhance market confidence and drive more financial institutions to try ODL solutions. If Ripple can further expand its partnerships in emerging markets such as Asia and the Middle East, the practical demand for XRP may significantly increase. In addition, the XRP Ledger (XRPL) is exploring new scenarios such as tokenized assets, DeFi, and central bank digital currencies (CBDC), injecting more ecological value into it.
However, challenges still exist. Regulatory uncertainty remains the biggest risk, SEC may continue to appeal, and other countries may strengthen scrutiny. In the long term, if Ripple can balance compliance and innovation, XRP could become a core component of the international payment infrastructure; conversely, if eco expansion is slow or regulatory pressure intensifies, its price volatility may remain high. Investors need to pay attention to Ripple’s partner progress, XRPL technical upgrades, and global regulatory dynamics.
