The cryptocurrency XRP has experienced significant market activity and regulatory developments in 2025. As of July 18, 2025, XRP is trading at $3.63, reflecting a 15.6% increase from the previous close, with an intraday high of $3.65 and a low of $3.14.
In August 2024, Ripple Labs was ordered by a Manhattan court to pay approximately $125 million in penalties to the U.S. Securities and Exchange Commission (SEC) for charges related to the improper sale of XRP tokens. This case was notable as one of the largest SEC actions in the cryptocurrency sector. Ripple's CEO expressed respect for the court's decision and emphasized the company's focus on continued growth. An SEC spokesperson reiterated that securities laws apply to all firms offering investment contracts, regardless of their technology or labeling.
In October 2024, Ripple achieved a significant milestone by securing a financial services license from the Dubai Financial Services Authority. This approval enables Ripple to introduce its end-to-end managed payments services in the UAE, enhancing its operations in the Middle East and positioning the company for greater cross-border transaction volume within this strategic market.
Additionally, in October 2024, Ripple partnered with Mercado Bitcoin, Latin America's largest cryptocurrency exchange, to offer cross-border payment solutions. This collaboration aims to simplify international transactions within Latin America, a region that relies heavily on cross-border remittances. Ripple's network is expected to significantly enhance payment speed and reduce costs for consumers and businesses.
These developments highlight Ripple's ongoing efforts to expand its global presence and enhance the efficiency of cross-border payments through strategic partnerships and regulatory approvals.