Ripple coin. Credit: Jievani, Shutterstock
In a press release on August 7, Ripple announced that the company has signed a $200 million contract to acquire the railway. On the same day, the US SEC dropped its lawsuit against Ripple.
Ripple gets rails for $200 million
The acquisition strengthens Ripple’s position as a leader in digital asset payment infrastructure. Ripple Payments offers a wide range of payment networks, market-leading digital assets liquidity, and a set of over 60 licenses to comply and manage customer payment flows. Rail extends Ripple’s capabilities with virtual accounts and automated back-office infrastructure to mitigate operations.
“Stablecoin is quickly becoming the foundation of modern finance, and the railways are setting themselves on their own to drive the next stage of innovation and adoption of stubcoin and blockchain in global payments,” said Monica Long, president of Ripple.
Ripple has one of the most widely used digital asset payment networks in the world. The acquisition underscores its commitment to helping our global customer base move money whenever necessary. ”
“In the last four years, Rail has built the fastest way to resolve business payments internationally using Stablecoins, and in 2025, Rail is projected to process more than 10% of its $36 billion global B2B Stablecoin Payments,” said Rail CEO Bhanu Kohli.
SEC case dropped against Ripple
On August 7, the Securities and Exchange Commission announced the conclusion of the lawsuit against Ripple Labs. The SEC sued Lippill in December 2020, accusing President Donald Trump of selling the company without registering XRP tokens as securities, heading towards the end of President Donald Trump’s first term.
The SEC said: “The Securities and Exchange Commission today filed a joint dismissal provision concluded with Defendants Ripple Labs, Inc., Bradley Garlinghouse and Christian A. Larsen (the “Defendant”).
These cross-appeals follow the final district court decision that imposed a civil penalty of $125,035,150 against Ripple and an injunction that prohibited Ripple from violating the registration provisions of the 1933 Securities Act.
What does this mean at XRP price?
XRP is currently the third largest cryptocurrency by market value, after Bitcoin and Ethereum. According to Tradingguro Above Binance,The price outlook for XRP is as follows:
Currently, XRP is stable beyond the important $2.90 level. If you stay above that, it is considered a good area to buy – between $2.90 and $3.00. However, if you fall below $2.90, your next support zone is around $2.75, or $2.55-$2.62.
The first major pricing challenge is between $3.35-$3.40. If your XRP can go above $3.40, it could go to $3.47 if you have strong momentum, or even $3.80-4.30.
XRP Virus Gossip
XRP has long been at the heart of virus cryptography chattering, with stubborn supporters pointing to everything The Simpsons Apparently predicting the price of $589, making it a bold and controversial headline Forbes We speculate astronomical growth. Appeal Forbes The article once claimed that XRP could reach $59,472, but it appears to have been removed soon. These claims fuel the fire with bullish predictions and plunge deeply into Ripple’s potential partnership with the Global Bank. Whether realistic or pure speculation, the hype has helped keep XRP in the spotlight despite the ongoing legal battle and market volatility.
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