Exciting news for Ripple XRP enthusiasts! The popular cryptocurrency has just been announced as an official partner of a key subgroup under a Bank for International Settlements (BIS) committee. This could be a game-changer for Ripple's mission to create a crypto ecosystem between central banks around the world.
And that's not all - the altcoin is back in bullish territory thanks to a recent Summary Judgment in the Ripple lawsuit against the U.S. Securities and Exchange Commission (SEC). The judgment effectively stated that the token cannot be deemed a security if it is sold through an exchange or through programmatic sales for retail buyers. This is great news for Ripple and its supporters.
But back to the BIS announcement - Ripple is now an official partner of the 'Cross-border payments interoperability and extension taskforce', a subgroup within the BIS Committee on Payments and Market Infrastructures. This is a huge development for Ripple and could pave the way for a crypto revolution in the world of central banking.
And let's not forget about the XRP price - it's been on a rollercoaster ride lately, thanks to recent developments like the SEC's filing for interlocutory appeal in the lawsuit against Ripple. But traders could be rewarded if they hold on until the token hits a target of $0.62 next. Compared to the beginning of the year 2023, the XRP price has jumped by a whopping 54%, compared to the 58% jump in Bitcoin price during the same period. So, could an XRP rally be on the horizon? Only time will tell, but one thing's for sure - Ripple XRP is definitely one to watch!