XRP is the digital asset used on the Ripple network. This asset is used to speed up and facilitate transactions on the network. However, the main purpose of XRP is not to be used as a means of payment, but to make the network work more efficiently.
XRP, which has risen 4.48% in the last 24 hours and at the time of writing, is among the day's risers. Ripple's (XRP) price increase may be related to developments such as the expectation that the ongoing lawsuit in the US will be concluded soon and the SEC's decision to stop defining some cryptocurrencies as securities. This may have been interpreted positively for Ripple in its nearly three-year legal battle with the SEC and may have led to an increase in the value of XRP.
