Ripple is actively expanding its operations in the United States, reflecting increased confidence in US crypto regulations and boosting market activity and deal circulation.
Ripple Turns Focus to the US
The firm announced that 75% of all open positions are now based in the US. This marks a shift from its previous international hiring focus. Ripple is now prioritizing the US market due to predictable regulatory clarity.
SEC Appeal Remains a Key Factor
Just before 2024, the company signed more US deals in the last six weeks than in the previous six months. However, the SEC's appeal, centered around existing cases with Ripple, remains a major concern. If Paul Atkins becomes the SEC Chair, it may lead to the appeal's withdrawal, fostering the establishment of a US-based XRP ETF market, positively impacting the wider cryptocurrency industry.
Current XRP Price Situation
Currently, XRP is trading at about $2.39, showing a slight increase of 0.45% over the last day. The Relative Strength Index (RSI) is at 57.65, indicating neutrality and possible consolidation before another upward trend.
Ripple's expanded US presence and optimism around regulatory clarity create positive market prospects. The ongoing focus on the SEC appeal remains a key factor for the company's and market's future development.
