Ripple's XRP Hits Major Milestone with 6.3 Million Transactions in a Minute

Ripple’s cryptocurrency, XRP, continues to break new ground, securing its place as one of the most traded digital assets in the crypto landscape. Recently, the XRP network processed over 6.3 million transactions in just one minute, setting a new milestone and demonstrating its ability to handle high volumes of transactions seamlessly.

Brett, a prominent crypto personality on the X platform, highlighted this development by sharing a video from his peer, Xaif.03, showcasing the surge in XRP transactions. This milestone comes at a time when uncertainty around Ripple's ongoing legal battle with the SEC continues. Despite the legal challenges, XRP has shown resilience, with institutional purchases skyrocketing by an astonishing 266%.

Ripple, the company behind XRP, is engaged in a prolonged legal dispute with the U.S. Securities and Exchange Commission (SEC) over whether XRP should be classified as a security. In July 2023, Ripple achieved a major victory when a federal judge ruled that XRP sales on public exchanges do not constitute security offerings and that XRP itself is not a security.

One year later, Ripple won another significant legal battle when the court ordered the company to pay a $125 million fine, a far cry from the SEC's initial demand of $1.95 billion. However, the SEC’s decision to appeal has reignited concerns, leaving many in the crypto community uncertain about XRP's long-term future.

Despite these legal headwinds, Ripple is forging ahead with bold moves, including entering the crypto custody market, which could pave the way for broader XRP adoption by global banks.

XRP Community Celebrates Record-Breaking Performance

Following the announcement of XRP’s legal victory, the crypto community responded with a mix of excitement and skepticism. Enthusiastic users on X celebrated the milestone with declarations like “XRP will rule the world!” One user remarked, “This is what it was built for,” emphasizing XRP’s reputation as a fast and scalable digital asset designed for high-volume transactions.

Many users pointed to XRP’s potential to process millions of transactions per minute, aligning with Ripple’s vision of positioning XRP as a tool for efficient cross-border payments and wider financial applications. Ripple’s strategy to expand into the global market for traditional payments is being closely watched by market participants, who believe Ripple’s adoption of ISO 20022 could pave the way for XRP's integration into traditional payment systems.

ISO 20022 is a flexible framework that allows users and messaging organizations to structure information in a globally standardized way. Ripple’s recent announcement of its exchange partners hosting the RLUSD stablecoin, including Bitstamp, Uphold, Bitso, Independent Reserve, MoonPay, CoinMENA, and Bullish, further solidifies its plans. Key market makers, Keyrock and B2C2, will provide liquidity support for RLUSD during its rollout phase.