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The XRP price dropped 3% in the last 24 hours to trade at $2.48 as of 03:24 a.m. EST on trading volume that surged 51% to $3 billion. This pullback in the Ripple token price comes as the Federal Reserve officially recognized the efficiency, security, and scalability of Byzantine Fault Tolerant (BFT) consensus mechanisms in a research paper discussing secure payment systems. This acknowledgment reinforces the relevance of digital assets such as XRP, Stellar Lumens (XLM), and Hedera Hashgraph (HBAR), which utilize variations of BFT-based consensus mechanisms. ‼️ FEDERAL RESERVE OFFICIALLY EMBRACES BFT, CEMENTING XRP, XLM, AND HBAR’S ROLE IN SECURE PAYMENTS‼️ The Federal Reserve has officially acknowledged the efficiency and scalability of Byzantine Fault Tolerant (BFT) consensus models in a research paper discussing a secure payment… pic.twitter.com/2pJ0j2Nx8U — SMQKE (@SMQKEDQG) February 21, 2025 Ripple Token Price Analysis: Bullish Wa...

XRP performance over the past week and month is nothing short of spectacular, climbing 78.54% and 403.57%, respectively.  With a market capitalization of $146.56 billion, the token priced at $2.56 at the time of publication has solidified itself as the third-largest cryptocurrency. This rally has been supported by several key factors, including rumors surrounding Ripple’s expanding ecosystem, growing optimism over regulatory clarity, and a broader bullish trend in the crypto market.  XRP’s 318% gain over the last year outperformed 81% of the top 100 cryptocurrencies, including Bitcoin and Ethereum.  Picks for you Is $4,000 next for Ethereum? Expert Analysis 24 mins ago Bullish chart alert: Is Silver set for another rally? ...

The cross-border money remittance is down 2.5% to $0.58 with its cumulative losses totaling $5.5%. Bitcoin and Ethereum are also in turmoil, down 2.7% to $28,328 and 2.5% to $1,777, respectively. advertisement XRP Dips Below Macro Downtrend Since XRP topped out at $0.93 following a rally triggered by the Ripple ruling, tumbled 37%, thanks to profit-booking activities and a generally weakening crypto market structure. As the anticipation of a rally above $1 faded in the last few weeks, the bears’ confidence increased, leaving XRP too weak to sustain an uptrend. Selling pressure has also intensified below the macro downtrend on the daily chart coupled with another drop below the 50-day Exponential Moving Average (EMA) (red) at $0.6228. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...