XRP has crossed the $1 threshold for the first time since 2021, marking a major milestone for Ripple’s native token. This price surge reflects renewed optimism following positive developments in Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Ripple CEO Brad Garlinghouse expressed a sense of relief, noting that “the pressure is now lifted,” as XRP’s recent momentum suggests increasing confidence in the token’s long-term outlook.
The rise to $1 signals a potential turning point for XRP, which had previously struggled under regulatory uncertainty. Recent court rulings have provided clarity on Ripple’s legal standing, boosting investor sentiment. Garlinghouse’s comments imply that Ripple is now better positioned to focus on growth and innovation within blockchain and cross-border payments without the weight of pending legal issues.
Beyond regulatory progress, XRP’s gains have been fueled by the broader crypto market’s upward trend and increased adoption of Ripple’s payment technology by financial institutions worldwide. Ripple’s solutions continue to attract major banks and networks seeking efficient cross-border payment options.
While XRP’s surge past $1 is a significant achievement, market experts warn that volatility remains high in the crypto industry. Nonetheless, this milestone signals a promising new phase for Ripple and its supporters, with further growth possible as the company expands its footprint in global finance.
