Ripple Launches XRPL Foundation, XRP Price Surge to $2: Latest Updates

Ripple and other major players like XRPL Labs, XRPL Commons, and XAO DAO have come together to form a new non-profit organization called XRPL Foundation. This foundation has a clear mission: to ensure the long-term security and growth of the XRPL. By fostering community collaboration and supporting developers in creating decentralized applications and financial tools, the XRPL Foundation aims to empower the XRPL ecosystem.

The Foundation has two main goals: promoting XRPL adoption by assisting developers and advancing blockchain technology, and maintaining decentralization and transparency across the network. Governance will be overseen by a Board of Directors, including founding members Ripple and XRPL Labs, as well as rotating community directors. Additionally, a General Assembly will provide a democratic platform for community input to ensure balanced decision-making.

Key areas of focus for the XRPL Foundation include security, developer resources, strategic partnerships, and regulatory advocacy. By taking a collaborative approach, the foundation hopes to drive growth, innovation, and resilience within the XRPL ecosystem.

The announcement of the XRPL Foundation is expected to have a positive impact on Ripple’s XRP price. The establishment of a well-governed and transparent foundation is likely to strengthen investor confidence in the XRPL’s long-term stability and growth potential. With increased community involvement and developer engagement, new use cases for XRP may emerge, driving adoption and increasing demand. Analysts predict that the price of XRP could surge to $2 by the end of this month.
With the recent surge in the XRP token price to $1.44, up 6.4% in the last 24 hours, continued gains are possible in the short-term due to heightened investor interest. Developments such as Ripple’s investment in Bitwise’s XRP ETP, the rebranding of the ETP, and Archax’s launch of the first tokenized money market fund on XRPL could attract more investors.

In the long-term, as the XRPL ecosystem expands, the utility and value of XRP are expected to grow, solidifying its position as a key player in the crypto industry.