Ripple Launches XRP Rewards For Loyal Supporters as Token Eyes Key Price Breakout

Crypto behemoth Ripple is known for keeping in close contact with its community. Now, the company is launching a special XRP rewards event to show appreciation for its loyal supporters.

This event is a way for Ripple to thank members of the community who remained engaged with the company throughout its legal battle with the U.S. Securities and Exchange Commission (SEC). The lawsuit, which spanned over seven years, tested the loyalty of many community members.

“We’re excited to announce the official launch of the $XRP Rewards Event for the entire Ripple community! This exclusive opportunity is our way of thanking those who stood by #Ripple during challenging times. To learn how to claim your $XRP, check the details below,” Ripple announced.

We’re excited to announce the official launch of the $XRP Rewards Event for the entire Ripple community!

This exclusive opportunity is our way of thanking those who stood by #Ripple during challenging times.

To learn how to claim your $XRP, check the details below 👇pic.output:

The rewards event will offer a chance for eligible users to claim free XRP tokens. Members of the Ripple community can register for the event based on their location and account status. After signing up, participants will go through a quick eligibility check.

Moreover, Ripple has stated that the event will be easy to navigate, and all active members of the Ripple network are invited to participate.

Claiming your XRP will be a simple process, just follow the instructions shared by Ripple to collect your XRP tokens. Full details about the eligibility rules, claim steps, and when the rewards will be distributed are expected to be announced soon on Ripple’s official channels.

XRP’s price went up by around 3%, briefly trying to reach the $2.25 mark. The token continues to be supported by the $2.14-$2.27 zone, staying stable despite the broader crypto market’s movements.

While the rewards event brings attention to XRP, the token’s price has been in a tight range recently. Some market analysts believe a bullish breakout towards $2.41 is possible soon, but overall, the market seems calm and focused on support levels.

Besides the rewards event, Ripple’s business plans have also been in the news. Recently, there were reports that Ripple was considering buying Circle, the company behind the USDC stablecoin. However, the deal didn’t go through.

Additionally, Ripple’s purchase of fintech firm Hidden Road for $1.25 billion showcases the company’s strong financial position and plans to expand beyond the XRP Ledger.