The value of the combined cryptocurrency market has surged to over one trillion as prices rise across the board. The surge more than $1 trillion comes as smaller cryptocurrencies, including ethereum, Ripple‘s XRP, cardano and stellar, all make significant gains.

About Ripple (XRP)

RippleX makes it simple for developers and entrepreneurs to take out the pain and friction that comes with integrating blockchain technologies into the applications of theirs. Through tools, services and programs built on the XRP Ledger, RippleX enables developers and the users of theirs to send and receive payments across any currency, geography and network.

The price tag of Ripple’s XRP has been on a roller coaster over the last month after a late November surge was wiped out by a lawsuit brought by the U.S. Security and Exchange Commission against Ripple, casting doubt over XRP’s future.

Ripple In the News

Moreover, many useful articles on Ripple XRP news events and undertakings are available in the news section as well. The present price quotes for many other cryptocurrencies could also be found here.

Ripple’s objectives and its very own financial reality have compelled it to actively seek to offer and sell XRP as widely as possible, while controlling demand and supply in the resale market to manage and control liquidity for an imagined, future “use” case.

Ripple has publicly decried the SEC charges and has an initial hearing scheduled for later next month.

At the end of 2020, Ripple hit back at the SEC, accusing the agency of creating more uncertainty as a result of the “dangerous lack of regulatory clarity for crypto in the U.S.” The company blasted the lawsuit, saying that it affected “countless innocent XRP retail holders with no connection to Ripple.”

Some cryptosporters used the Peruvian and mexican situations to enter the highly volatile Cryptocurrency markets, but the foundation needed to support a serious long position is not present.

The key to the strength and market sentiment of Ripple ecosystem is the existence of a reliable foundation. Without such a foundation, investors are likely to be attracted to strong currencies that have lower costs, greater liquidity and faster growth. But, this kind of investment will require an investor that has a clear idea of the way the protocol will function in the future and exactly how they intend to manage their funds.