Ripple Lawsuit Drags on as XRP Fights for Legitimacy Despite Growing Global Traction
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The SEC lawsuit against Ripple Labs is ongoing and a decisive verdict in 2024 could significantly impact XRP's price.
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Ripple payment system has seen growth in trading volume outside the US while the lawsuit has barred US trading. International expansion continues.
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Ripple is making progress on central bank digital currency projects and partnerships with major banks globally. Additional CBDC progress could spur bullish XRP price action.
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Ripple's underlying utility as a fast, cheap cross-border payment network gives long-term credibility to XRP cryptocurrency, beyond lawsuit outcome.
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XRP price may remain volatile in near term, but investors can accumulate tokens on dips for potential long-term, multi-year growth.