The Parent Pillar is our rating of XRB’s parent organization’s priorities and whether they’re in line with investors’ interests.

  • While the court case against the SEC may have harmed investor confidence during the 2021 bull market, Ripple Labs has since emerged from the court case with a positive ruling.
  • Other factors could be influencing this growth, including new exchange listings and an increased interest in Directed Acyclic Graph (DAG)-based cryptocurrencies.
  • Since the positive court ruling for Ripple Labs back in July, the company has picked up on its bid to form fresh partnerships with leading financial institutions around the world.
  • We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Since the positive court ruling for Ripple Labs back in July, the company has picked up on its bid to form fresh partnerships with leading financial institutions around the world. Recently, XRP was announced as a recognized cryptocurrency by Dubai International Finance Centre (DIFC). The move allows banks in Dubai to transact using XRP, which joins an exclusive list of crypto assets that also includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Toncoin (TON). “[Nano] has been gathering momentum over time as people become more aware of the advantages of DAG-based cryptocurrencies, and as more exchanges list their coin,” Blockchain Consultant Chadwick Strange said. “KuCoin ran into some issues managing the high volume demand when they listed XRB—which was resolved with time—the lessons learned from KuCoin listing should help prepare for a smooth listing in Binance, which is expected very soon.”

XRB Breakdown

And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. An overview showing the statistics of Rainbow, such as the base and quote currency, the rank, and trading volume. In November, the team gathered to discuss the future of Raiblocks and develop plans to further the project’s growth. One topic discussed was the name itself (“Is it, ray or rye?,” “Ditch the Blocks!,” “Just call it Rai!”).

Feedback from the community suggested that improvements could be made to better resonate with the public and a mainstream audience. It’s been a wild couple months for cryptocurrencies worldwide, with major swings of volatility. RaiBlocks is no exception, having rocketed up from less than $0.25 on Dec. 1 to nearly $35 earlier this month. But amid all that movement and growing name-recognition, one team has decided to rebrand. RippleNet can support cross-border payments with instant settlements at a much cheaper cost to financial institutions. The People Pillar is our evaluation of the XRB management team’s experience and ability.

  • “KuCoin ran into some issues managing the high volume demand when they listed XRB—which was resolved with time—the lessons learned from KuCoin listing should help prepare for a smooth listing in Binance, which is expected very soon.”
  • RaiBlocks is no exception, having rocketed up from less than $0.25 on Dec. 1 to nearly $35 earlier this month.
  • In mid-October, the SEC also dropped charges against Ripple Labs’ founding members — co-founder Chris Larsen and CEO Brad Garlinghouse.
  • The new logo uses several nodes, playing on the block-lattice design of the network, that connect to form an “N.” All social media accounts will be updated to reflect the name and logo changes.

We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers. The Process Pillar is our assessment of how sensible, clearly defined, and repeatable XRB’s performance objective and investment process is for both security selection and portfolio construction. View the total and circulating supply of Rainbow, including details on how the supplies are calculated.

There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. In total, the price prediction algorithm expects XRP to surge +180% to hit a high of $1.815, after the Bitcoin halving takes place in April 2024. The BTC halving event has catalyzed bullish price action for the crypto markets every time it’s happened in the past, and XRP is expected to benefit in 2024 thanks to a series of positive developments for the project. Indeed, XRP skyrocketed 2x immediately after news broke of the positive court ruling and today’s +15% spike shows that traders are keeping a close eye on project developments.

Sorry, you have been blocked

After the New York court ruling in July, the dropped charges in October means that Ripple Labs is free from all major legal disputes. While the court case against the SEC may have harmed investor confidence during the 2021 bull market, Ripple Labs has since emerged from the court case with a positive ruling. A New York court ruled in July that XRP was “not necessarily a security” and Ripple Labs’ institutional clients have now rekindled their interest in RippleNet. The Core Team wanted a name that represented the simplicity and speed of the project, and Nano does just that.

iShares Canadian Real Return Bond ETF

However, as the native token of a distributed payment network, XRP was deemed “not a security” in July. The cryptocurrency is self-sufficient, opt-in, and used on RippleNet for purposes that are clearly distinct from typical investments. As a result, the positive ruling for XRP can be seen as providing more regulatory clarity for crypto projects than ever before. It’s widely believed that https://cryptolisting.org/blog/how-do-blue-rhino-vs-amerigas-tank-prices-compare XRP price action was held back during the 2021 bull market after the SEC charged Ripple Labs in late-2020 on the grounds that XRP had been an unregistered security during the company’s opening investment rounds. The US-based FinTech company that created RippleNet endured a 3-year court case against the SEC, during which time XRP failed to break through its ATH formed back in 2018.

Get the latest cryptocurrency news directly in your inbox.

If US courts had deemed XRP a security, then other tokens in the crypto markets may also be under threat of legal punishment as there are key similarities that can be drawn between XRP and other crypto assets. XRP, after rocketing +15% in less than 30 mins, quickly retraced back to its original price level and now finds itself holding support at $0.65. Despite the short-term volatility, XRP remains +33% up over the past month, and the XRP price prediction algorithm has forecasted that the bullish momentum will continue over the coming year. Other factors could be influencing this growth, including new exchange listings and an increased interest in Directed Acyclic Graph (DAG)-based cryptocurrencies. In mid-October, the SEC also dropped charges against Ripple Labs’ founding members — co-founder Chris Larsen and CEO Brad Garlinghouse. The SEC had originally charged Larsen and Garlinghouse for offering $729 million worth of XRP to hedge funds and other early investors during the opening phases of development for Ripple Labs.

The new logo uses several nodes, playing on the block-lattice design of the network, that connect to form an “N.” All social media accounts will be updated to reflect the name and logo changes. In total, the algorithm has forecasted a +180% gain that would take XRP to $1.815 by May 2024 — just 1 month after the next Bitcoin halving is due to take place. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams.

Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 737 exchanges. Since July, institutions have reignited their interest in Ripple and XRP remains +38% up from its pre-ruling price level. Continued bullish developments have sparked fresh optimism among traders, and the XRP price prediction algorithm expects XRP to break through its 2021 high within the next year. The XRP vs SEC court case was deemed “The Cryptocurrency Trial of the Century” by Forbes back in 2021.