tl;dr
XRP remains a popular altcoin, consistently ranking in the top 10 by market capitalization despite ongoing legal issues. The US SEC vs. Ripple Labs case continues after a judge rejected a joint motion to end the dispute. Meanwhile, Coinme has enabled XRP buying and selling with cash at over 28,000 U...
XRP has been incorporated into over 28,000 retail ATM locations across the United States, allowing users to buy and sell the cryptocurrency with cash. This significant expansion enhances XRP’s accessibility for everyday transactions, particularly benefiting banking and remittance purposes through the XRP Ledger’s growing ecosystem.
Despite this positive development, XRP’s market price has experienced a decline, dropping approximately 4.5% over the past 24 hours and 3.4% in the previous week, trading just below $2.10. The price dip follows ongoing legal challenges that continue to impact investor sentiment.
The prolonged legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) remains unresolved after a judge denied a joint motion to end the case. This denial means the dispute, which has lasted over four and a half years, will proceed further, keeping the outcome uncertain.
Ripple’s chief legal counsel has reassured the community by affirming that XRP’s status as not being a security remains unchanged despite the continuing litigation. Ripple faces a strategic choice to either dismiss the appeal related to historic institutional sales or to advance it, with business operations moving forward as usual during this period of uncertainty.
Throughout these challenges, XRP continues to hold its position as one of the top 10 cryptocurrencies by market capitalization. Its steady popularity among retail users underscores its importance in the broader crypto market, demonstrating resilience even amid regulatory scrutiny and legal contests.