Ripple's ongoing legal battle with the SEC began in 2020, stemming from accusations of raising $1.3 billion through unregistered XRP sales since 2013.

In August 2024, a significant court ruling determined that XRP is not classified as a security in most public sales, resulting in Ripple facing a civil penalty of $125 million instead of the SEC's requested $2 billion.

Despite the favorable ruling, the SEC filed an appeal in October 2024, focusing on institutional XRP sales, while Ripple countered with a cross-appeal addressing various legal questions.

In December 2024, Ripple launched its RLUSD stablecoin, aiming to compete with established stablecoins and seeking regulatory approval from New York authorities.

The number of XRP holders increased by over 720,000 in 2024, reflecting strong market interest and the potential for further price growth as new investors enter the market.

XRP's open interest in derivatives reached an all-time high before a decline, indicating substantial interest in XRP futures trading.

While XRP's Market Value to Realized Value (MVRV) ratio suggests significant gains for investors, caution is warranted due to the possibility of market corrections.

The anticipated approval of an XRP ETF could attract significant institutional investment, following the recent successes of Bitcoin and Ethereum ETFs.

Experts predict that XRP ETFs could receive approval by mid-2025, which may drive XRP's price significantly higher, with some forecasts suggesting it could reach $35.

The political landscape has shifted positively for XRP, particularly following Donald Trump's election win and the resignation of SEC Chair Gary Gensler, which has bolstered sentiment in the crypto market.

XRP had been in a consolidation phase since May 2021 but experienced a breakout after Judge Analisa Torres's ruling in August 2023, leading to a significant price surge.

Between November and December 2024, XRP's price skyrocketed over 450%, peaking at $2.90 on December 3, which boosted its market capitalization to over $150 billion.