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As of 9:28 AM on Tuesday, January 7, 2025, XRP is trading at $2.4351, reflecting a 2.41% increase from the previous close of $2.4189. The market capitalization stands at $140.05 billion, with a 24-hour volume of $4.51 billion. XRP’s price has ranged from $2.3966 to $2.4594 today, and its 52-week range spans from $0.3911 to $2.8649.
XRP’s recent price rally is linked to a statement made by David Stryzewski, CEO of Sound Planning Group, on FOX Business on January 6, 2025. Stryzewski claimed that Bank of America is using XRP for 100% of its internal transactions and has filed 83 patents related to the blockchain technology behind Ripple. This claim has sparked significant conversations within the XRP community, with many viewing it as confirmation of XRP’s growing adoption in the mainstream banking sector.
Stryzewski expressed a bullish outlook on XRP, believing it will play a key role in the future of finance. He also emphasized Ripple’s continued progress in the payment market, particularly in the face of regulatory challenges. The recent launch of Ripple’s stablecoin is seen as a strategic move to solidify its position in the global payment landscape.
However, Stryzewski’s assertion remains unverified, with no official confirmation from Bank of America on the full extent of XRP’s integration into its operations.
Disclaimer: The information provided is for informational purposes only and does not constitute financial advice.