Bitcoin, XRP, Dogecoin, Bitget and more: cryptocurrencies worth watching

XRP is the native token of the XRP Ledger, an open source blockchain. It is used by the Ripple payment network to facilitate cross-border transactions and is designed to act as a bridge currency. It is important to note that Ripple, the company that operates the network, does not own XRP.

The cryptocurrency market is anticipating movement this week, as Ripple faces a pivotal hearing on January 15 in its ongoing legal battle with the US Securities and Exchange Commission (SEC). The Securities and Exchange Commission accused Ripple of selling XRP as an unregistered security, a claim that was at the center of the dispute.

In August 2024, The court ordered Ripple to pay $125 million The fine for violating investor protection laws is far less than the $2 billion requested by the Securities and Exchange Commission. The regulator is scheduled to present its arguments on January 15 in support of its appeal.

XRP is trading at $2.45, which represents a 0.74% jump in a week.