The price of XRP has shot up 11.5% overnight, making it the best-performing cryptocurrency in the top ten.

At the time of writing, the fifth biggest cryptocurrency was last trading hands for $0.71, according to CoinGecko. Stepping back, and the picture is even more bullish, with XRP jumping 24% over the past week

What is XRP? A Cryptocurrency Created For the Financial Sector

XRP is a digital asset designed for fast, low-cost global payments and serves as the native cryptocurrency of the XRP Ledger, a decentralized, open-source blockchain created by Jed McCaleb, Arthur Britto, and David Schwartz. As of March 2025, XRP is the third largest cryptocurrency by market capitalization, after Bitcoin and Ethereum, according to CoinGecko. What is XRP? Launched in 2012 alongside the Ripple Network, XRP has a maximum supply of 100 million coins and reached its last all-time hig...

Investors may be feeling more bullish after Ripple received approval for use within the Dubai International Financial Centre (DIFC) from the Dubai Financial Services Authority (DFSA)—allowing over 4,300 DIFC companies to integrate XRP into their operations.

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XRP on a roll

The asset has been on a roll lately: back in July, a federal district judge partially sided with the asset and the fintech firm entrenched with it—Ripple Labs—in a lawsuit.

It came after the U.S. Securities and Exchange Commission (SEC) hit Ripple with a $1.3 billion lawsuit in 2020, alleging that it had misled investors and sold unregistered securities in the form of XRP tokens.

Ripple’s Win Over SEC Gave XRP a Massive Boost—That’s All Gone Now

The price of Ripple (XRP) exploded back in July after an American judge ruled that the asset was not a security in certain cases. It has now erased those gains and is currently one of the worst-performing cryptocurrencies over the past week. XRP at the time of writing was trading for $0.48, according to CoinGecko. That's a 8% drop in value in seven days. The asset boomed following the court ruling and touched as high as $.0.82. Institutional investors plugged cash into the asset and Ripple's Gen...

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2 min read
Mat Di Salvo

But the judge in July said that while $728 million worth of contracts for institutional sales did constitute unregistered securities sales, programmatic sales of XRP to retail investors did not. Investors interpreted the ruling as positive and the price of the asset exploded, hitting $0.82.

XRP's price has dipped some since then but the asset is up over 45% year-to-date.

The rest of the crypto market has also been making gains—albeit small ones.

Bitcoin, the largest digital asset by market cap, is up 0.5% in the past day, trading hands for $35,095. While Ethereum is up 1.5%, priced at $1,904.

Edited by Liam Kelly. 

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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