Ripple's XRP has been a focal point of cryptocurrency discussions since its legal battles with the U.S. Securities and Exchange Commission (SEC) began in late 2020.
The token's price has been heavily influenced by the ongoing SEC lawsuit, which concluded with a partial victory for Ripple in July 2023 when a judge ruled that programmatic sales of XRP to retail investors did not constitute securities transactions.
Ripple's expansion of its payment network, RippleNet, and adoption of its On-Demand Liquidity (ODL) service by financial institutions could drive demand for XRP as a bridge currency.