Three years have passed since a major court ruling freed XRP (XRP-USD). On July 13, 2023, a judge decided public XRP token sales are legal. Consequently, XRP jumped 70% in one single day back then and top crypto exchanges quickly brought the token back for trading.
Currently, XRP’s price sits just around $1.08 on this special anniversary date. The coin fell slightly today despite its strong three-year growth path.
Ripple Is Expanding its Business
Ripple signed multiple global partnerships right after the court battle ended. First, the firm joined hands with African payment network Onafriq. This deal helped move cash between Africa and other regions. Next, the business teamed up with the Axelar Foundation for support.
Furthermore, Ripple built euro payment paths alongside partner Clear Junction. This move helped improve cash transfers all across the European region. The firm also worked with Archax to tokenize real-world assets. It later brought tokenized U.S. Treasury bills to its network.
In late 2024, Ripple launched a new stablecoin backed by U.S. dollars, naming this new token RLUSD to serve big clients. Soon after, large bank BNY ($BNY) became the main holder of the RLUSD dollar reserves. Ultimately, these steps helped Ripple grow into a major financial player.
Ripple Has Also Bought Multiple Firms
Ripple bought multiple firms to improve its regulatory standing. For example, Ripple finalized its purchase of Standard Custody in 2024.
After that, Ripple completed another giant deal in April 2025, spending $1.25 billion to buy prime broker Hidden Road. This large purchase allowed Ripple to offer corporate clearing and financing options. Ultimately, this deal put the RLUSD stablecoin right at the center of trading. Soon after, Ripple added new stablecoin payments and treasury tools.
XRP Entered the ETF Market
The court victory also helped XRP enter formal fund markets. Many top asset managers filed applications for spot XRP investment ETFs. These companies included Bitwise, Grayscale, Franklin Templeton ($BEN), and other big firms. These specific investment products officially went live in late 2025.
Since their launch, XRP funds brought in steady cash flows from institutions. The new funds dominated crypto market flows for many months. However, the XRP funds suffered a small setback during early July as investors pulled out $2.5 million.
XRP reached a high point above $3 in early 2025 but later crashed along with the rest of the crypto market. The token now trades near $1.08 while Ripple builds out its financial network. At the end of the day, financial firms still use XRP to process global money transfers.
