Ripple plans to expand into global markets as it pushes payments.

• Ripple begins global hiring just three months ahead of the final ruling on its lawsuit with the US SEC.
• Ripple is preparing for a significant re-entry into the US market in a strategic move to strengthen Ripple’s presence in the US market.

US fintech company Ripple has announced plans to expand its global team with vacancies including Senior Product Manager, DeFi (London), Senior Software Engineer (Bangalore) and Senior Software Engineer (Toronto).

This follows a major recruitment drive in September last year, when the company aimed to hire 55 experts in various fields. Some users have speculated that Ripple’s search for a senior manager of shareholder communications could be a prelude to an initial public offering (IPO), but CEO Brad Garlinghouse has stated that a listing is not a top priority at the moment.

Ripple’s latest global team expansion comes ahead of its trial before the U.S. Securities and Exchange Commission (SEC), which is scheduled to take place within three months from now. Despite suffering three partial court losses in 2023, the SEC appears to be at a disadvantage. The first setback came in July when Judge Analisa Torres ruled that Ripple’s programmatic sales on its secondary trading platform did not qualify as investment contract offerings.

Ripple payment to be launched in the US

In another major development, Ripple is once again planning a major entry into the US market after a three-year long gap and legal battle with the US SEC. Ripple’s head of product marketing, W. Oliver Segovia, revealed plans to introduce a series of product updates leveraging its broad Money Transfer License (MTL), with the goal of covering a significant portion of the United States.

Despite 90% of Ripple’s business being international, this strategic move marks a significant re-entry for Ripple Payments into the US market. This announcement is especially significant given the SEC’s ongoing legal investigation and the recent XRP hack, adding weight to the company’s plans.

XRP price reversal

Ripple’s native cryptocurrency XRP is showing a reversal. threeJump to % and $ for last 24 hours0.52 The market capitalization is $28.2 billion. Over the past few days, the price of XRP has been trading below $0.50, which is a healthy bounce in that regard. Also this week, Ripple co-founder Chris Larsen also had his wallet hacked.

Some market analysts are already suggesting very high price targets for XRP. EGRAG Crypto, well known in the cryptocurrency analysis community, predicts a future Bull Run with high confidence. Expecting double-digit growth, the analyst expressed strong confidence in the potential for significant market upside, driven by the ambitious target of reaching $27.

#XRP On the way to $27 (updated):

Dive deeper into our insightful analysis for August 29, 2023, where the green dotted line on the monthly chart reveals a potential roadmap for XRP’s trajectory. Check it out here🔍Link: https://t.co/xKRuQI9maH

What’s happening now:
fast… pic.twitter.com/f1BFMOThbV

— EGRAG Cryptocurrency (@egragcrypto) February 3, 2024

As cryptocurrency market dynamics continue to evolve, EGRAG Crypto’s positive outlook contributes to the ongoing discourse on potential price movements and market trends. Investors and enthusiasts are keenly observing these insights as they indicate the future trajectory of the market.