The Ripple Q4 2024 report shows remarkable growth, but Hong Kong’s approval causes uncertainty in XRP
![The Ripple Q4 2024 report shows remarkable growth, but Hong Kong's approval causes uncertainty in XRP 1 The Ripple Q4 2024 report shows remarkable growth, but Hong Kong's approval causes uncertainty in XRP](https://cryptify.ws/wp-content/uploads/2025/02/The-Ripple-Q4-2024-report-shows-remarkable-growth-but-Hong-780x470.jpeg)
- The CEO of Ripple Brad Garlinghouse praised XRP Q4 as a date, where he highlighted $ 1 billion in XRPL DeX trading and increased optimism in the market, driven by American favorable organizational transformations after the 2024 presidential elections.
- Despite the global momentum, XRP faces organizational uncertainty in Hong Kong, as it is absent from the list of approved encryption assets, and perhaps because of the continuous legal battles of Ripple with SEC.
According to the Ripple Q4 2024 report, Xrp It has recovered from the depths of the bear market and recorded an increase of 280 % during the Q4 and Vedger Ledger (XRPL) DeX trading volume of $ 1 billion ($ 1.56 billion), which enhances XRP to the third position among higher encrypted currencies by market by market CAP , Solana’s superiority (TellerBinance (BNB).
Prad Garlinghyus, CEO of Ripple Labs, cannot be happier, he says:
Q4 2024 was ever one to write the history of XRP. 5 different companies provided to ETPS associated with XRP in the United States (in addition to 4 others this month); It launched $ RLUSD, up to a $ 100 million market ceiling within one month; The XRPL DeX trading volume on the series is $ 1B in the fourth quarter!
Brad Garlinghyus, CEO of Ripple Labs
It goes without saying that this was a great recovery with the encryption that had previously fell from among the first five at a stagnant price for several years after its highest level ever.
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The strongest together
The report noticed how the XRP community remained strong despite being affected by organizational Pressions from the US Securities and Stock Exchange Committee (SEC)Which has been accused of contributing to the years of manipulation.
The encryption community refers to the 2024 US presidential election as a major factor in the return of XRP, and President Donald Trump called for more Organizational clarity Equity in the encryption industry, which provided a favorable environment for the growth of XRP.
This shift is the way to launch Ripple USD (RLUSD) Stalcoin stimulated a wave of XRP exchange files (ETF) from the main financial players, including Wisdomtree, Coinshares, BitWise, Canary Capital and 21shares.
XRP is currently trading at $ 2.28 ($ 3.72), a huge decrease of 22.5 % from yesterday. The accident comes amid a broader shrinkage in the market that affects most of the encryption assets, including bitcoin (BTC), Which dates back to $ 95,000 ($ 154,000), according to data from Coinmarketca.
XRP is famous for its strong international momentum, however the organizational status of the Securities and Futures Committee in Hong Kong (SFC) remains unclear.
Hong Kong’s licensed exchanges work under strict regulatory guidelines, with a strong focus on compliance with the funding financing (AML) and anti -terrorist financing (CTF). Currently, 10 encryption exchanges have been successfully registered under these regulations, allowing them to operate a very specific set of virtual asset trading platforms in the region legally.
But XRP is not one of the permissible assets, and it is still unclear the meaning of this long -term neglect. Some speculate that Ripple’s ongoing legal problems with SEC affect the SFC caution, but the organizer has not provided any official explanation for XRP.
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