XRP rose to $3 in late 2024 after a U.S. SEC ruling that it’s not a security, boosting its use and market confidence.

XRP surged to around $3 in late 2024 following a U.S. SEC settlement that ruled XRP sold on public exchanges is not a security, lifting restrictions and prompting major exchanges to relist it. The decision, along with declining interest rates and renewed market confidence, boosted the broader crypto market. XRP is increasingly used as a bridge currency on the XRP Ledger for fast, low-cost cross-border transfers, with potential for growth if spot ETFs are approved by late 2025. Ripple’s pursuit of a U.S. bank charter and stablecoin, RLUSD, may reduce reliance on XRP over time, though current momentum reflects improved regulatory clarity and growing institutional interest.