ripple (XRP) Reaches a Major Milestone: Details
TL;DR
- Ripple’s XRP has seen a significant increase in the number of wallets, crossing a certain milestone.
- This success is in line with the increase in the overall number of XRP transactions carried out since the beginning of this year.
- Ripple will face significant legal challenges in the coming months; major lawsuits were planned and partial court victories had already been achieved last year.
Ripple’s XRP has seen great success recently in terms of address count. Number of XRP wallets by rich list exceeded It reached 5 million after a serious upward trend throughout 2023. Remember, at the beginning of last year, the number was around 4 million.
development It points to a growing user base and wider adoption of the asset, which could boost investors’ confidence.
The crossing of the above-mentioned milestone coincides with an overall increase in recent XRP transactions. Since the beginning of the new year, the figure has reached well over 5 million.
2024 Could Be an Important Year for Ripple
The aforementioned milestone is just the beginning of a series of upcoming developments for Ripple this year. The company’s most important event in the coming months will probably be related to the lawsuit filed with the Joint Securities and Exchange Commission (SEC).
There is a big hearing in the long legal battle planned For April 23. Right now, Ripple appears to have the upper hand. to secure three vital (but partial) court victories last year.
The company is also involved in another case known as Zakinov v Ripple Labs. His trial has been postponed multiple times over the past few years and is expected to begin on April 15, 2024. A hearing aimed at approving the form and form of mass notification is expected to be held. to arrange For January 11th.
The Zakinov v Ripple Labs case bears similarities to the SEC case as both plaintiffs accused Ripple of selling XRP as an unregistered security.
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