Hold onto your hats, Ripple fans, because the last couple of days have been a rollercoaster of thrilling updates! Let's dive into the Ripple (XRP) world and catch up on all the juicy bits.
First up, Ripple pulled off a jaw-dropping move by minting a staggering 15% of RLUSD’s total supply in one fell swoop earlier this week. That's about $25 million worth of coins! This mega-minting spree has pushed the circulating supply to a cool $170 million. But here's the kicker – most of it is still cruising on the Ethereum highway, not Ripple’s own XRP Ledger (XRPL).
Despite these fireworks, XRP’s price barely flinched, inching up by a modest 1.6%. It’s like a calm sea in the middle of a crypto storm, keeping pace with the rest of the market.
March 17th was a banner day for the XRP Ledger, which saw an avalanche of payments – 1.7 million, to be precise! Although that number has dipped to around 900,000, it still shows that XRPL is buzzing with activity. No ghost chains here, folks!
Now, the elephant in the room: the lawsuit between Ripple and the US Securities and Exchange Commission. This legal tug-of-war has everyone on the edge of their seats, waiting to see how it will shake up XRP’s price and the broader market. There’s talk on the street that Paul Atkins might take the helm at the SEC, and XRP supporters are crossing their fingers for a positive twist in the lawsuit saga.
Legal eagle Fred Rispoli is betting that this courtroom drama will wrap up before April 16th – the date of Ripple’s appellate brief filing. Fingers crossed!
Meanwhile, crypto analyst Ali Martinez has been peering into the crystal ball and says XRP is “testing the waters.” He’s sounding the warning bells: if XRP dips below $2, it might slip down to $1.6. So, hold tight and stay tuned!
In this wild world of crypto, one thing’s for sure – Ripple never fails to keep us on our toes!
