XRP is Ripple’s cryptocurrency token that enables trustless and instant transfer of funds across borders at low cost. Its main purpose is to act as a bridge currency, offering financial institutions an inexpensive way to exchange cryptocurrencies and fiat currencies.
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Judge Torres set the schedule for future pretrial proceedings in a court filing dated November 13, 2023. The discovery and rebuttal process regarding the relief sought by the SEC in the remaining cases must be completed by April 29, 2024.
According to the latest long-term Ripple price forecast, XRP will reach $0.75 by the end of 2023 and $1.2 by the end of 2025. Ripple will then rise in value to $2.45 in 2028, and $3.81 in 2030.