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Ripple ’s native token XRP is hovering around the $0.70 mark and is up close to 4% in the 24-hour day’s trade. XRP performed exceptionally well in the charts since last month delivering handsome returns to investors. In the last 30 days, XRP climbed nearly 41%, going from a low of $0.49 to a high of $0.70. The cryptocurrency steadily scaled up in price and holds strong in the indices as it is attracting bullish sentiments. Also Read: Gold Prices Forecasted To Reach $3,000 in 2024 Source: Coingecko Now that Ripple’s native token is performing well in the indices, will its price climb above the $1 mark and hit $2 next? In this article, we will highlight a price prediction on when XRP might reach the $2 milestone. Also Read: GTA 6: Rockstar Games To Introduce In-Game Cryptocurrency? When Will Ripple’s Native Token XRP Reach $2? Source: cryptonews.com Leading on-chain metrics and price prediction firm CoinCodex has painted a rosy picture for Ripple ’s native token. According

This week’s Crypto Biz looks at Binance’s ongoing efforts to curb declining profits, Ripple’s expectation that U.S. banks may soon adopt XRP and the first signs of venture capital returning to crypto. The crackdown on crypto firms by the United States Securities and Exchange Commission (SEC) appears to have severely affected Binance’s business. During the past few weeks, the crypto exchange reportedly fired over 1,000 employees and slashed some benefits.  According to Binance, the “current market environment and regulatory climate” have caused a decline in profits, suggesting more cuts may be in the works. A spokesperson told Cointelegraph the firm would consider scaling back on “certain products, business units, staff benefits and policies” in response to business and regulatory concerns. Binance has yet to face the courts and the 13 charges brought against it by the SEC, as well as the outcome of an investigation by the U.S. Justice Department targeting its activities and executives

Ripple Tokenization Plans In a recent tweet , Antony Welfare, the Ripple’s Central Bank Digital Currency (CBDC) advisor recently drew attention to the increasing global interest in this area. Welfare emphasized that Ripple’s team is actively focusing on real-world use cases for CBDCs and stablecoins, with real estate asset tokenization being a key area of interest. advertisement # CBDC s are gaining traction globally and @ Ripple CBDC team are focussing in on Real world use cases for a CBDC or #stablecoin. Last week I shared two real use cases at a CEE Fintech conference in Romania:#Tokenization is the Future of Real Estate · The pilot combines the… pic.twitter.com/OMe1ieq8d1 — Antony Welfare (@AntonyWelfare) July 7, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read

Also Read: Ripple In Lead As US SEC Holds Bad Win Record On Howey Test? advertisement Judgment In XRP Lawsuit To Land Soon? As per the court filings, the US SEC requested to seal the Hinman Speech Documents as it reflects non-public deliberations by the agency’s officials. However, the court overruled the SEC’s objections raised to Judge Sarah Netburn’s findings. Judge Netburn found out the infamous Hinman Speech documents did not land under the deliberative process or attorney client privileges as the US SEC claimed. Meanwhile, the commission went on to argue that controversial documents should go under the seal as it holds a lack relevance to be mentioned in the Summary Judgment Motions. Read More XRP Lawsuit News Here… Also Read: Ripple Exec Bids For EU’s MiCA Amid US SEC Crackdown; Ripple Moving Out? Recommended Articles Crypto Telegram Channels List 2023 [Updated]

The conversation that ensued on crypto Twitter recently was focused on what will happen to the XRP currencies that are being held in escrow by Ripple Labs. With the company holding these assets in trust for use to balance the market, they control a significant supply of the token which largely gives the firm a major stake in the token, hence solidifying the common enterprise argument of the market regulator. advertisement With many ideas as to what the Judge Torres ruling might entail, Matt Hamilton, a former Ripple executive has weighed in on the conversation. According to him, the XRP held in escrow are set to be sent to a particular address and the company could disable the master key to this designated wallet.  Should this be done, the funds will be inaccessible to anyone even if the funds are released to the escrow account. By the usual modalities of effecting crypto burn, this is what may eventually play out. Summarizing his point in the argument, Hamilt

Also Read: Why Didn’t Ripple Register XRP With US SEC? Brad Garlinghouse Replies advertisement Ripple Looking To Move Out? U.S. House Committee on Financial Services Republicans stated that the US SEC’s regulation by enforcement regime pushes innovations in the crypto industry overseas. It added that the commission’s practices are threatening American investors and competitiveness. However, Financial Services GOP mentioned that the Republicans will be providing regulatory clarity for digital assets to protect the technology in the nation. Susan Friedman, International Policy Counsel at Ripple highlighted that the fears regarding innovation moving overseas are not overstated. She added that key crypto industry players are already migrating to places like Europe. Trending Stories LUNC Price Analysis Plots a 10% Rise this Week, But There’s a Catch 24/7 Cryptocurrency News Bitcoin Price Analysis : Multiple