XRP News Today: XRP Surges 340% as Ripple Secures Key Approvals

XRP has experienced a significant price surge this year, reaching a peak of $3.40 in January. Over the past year, its value has increased by more than 340%. This surge is not merely due to market hype; Ripple has secured key regulatory approvals, such as proving that XRP is not a security. This has encouraged institutional investors to invest in the cryptocurrency. Additionally, Ripple has established closer relationships with central banks, with some countries using the XRP Ledger (XRPL) to support their central bank digital currencies (CBDCs).

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