Uphold Eyes IPO—Betting Big on America’s XRP Frenzy

Uphold—the crypto platform that’s become a haven for XRP loyalists—is reportedly gearing up for an IPO. Because nothing says 'mature market' like doubling down on a token the SEC loves to sue.

Wall Street’s latest crypto flirtation comes as Uphold positions itself as the go-to exchange for America’s army of XRP maximalists. Because when life gives you regulatory uncertainty, you might as well monetize the hopium.

The move signals growing institutional FOMO—even as traditional finance veterans mutter about 'greater fool theory' between sips of their $8 artisanal coffee.

Uphold’s Exclusive Focus on XRP

While the trading platform enables users to access various cryptocurrencies, its recent user acquisition strategy involves focusing primarily on the XRP. Its focus on XRP-avid U.S. consumers taps into a loyal community that has long supported Ripple’s vision, especially following regulatory battles with the U.S. Securities and Exchange Commission (SEC).

XRP has been one of the hottest crypto assets this year, with it surging over 360% since November 2024. The spike in xrp price is largely attributed to Ripple’s clearance in its lawsuit with the SEC. Moreover, the momentum in XRP price also aligns with Ripple’s ongoing mission to revolutionize cross-border payments using the XRP Ledger. 

 In the past 24 hours, XRP’s trading volume surged by 10.39% to $2.68 billion, while it has surged by 6% in the past 7 days—as per CoinMarketCap data. 

Also read: XRP price Eyes $10 Bull Run as Nasdaq Traders Brace for ETF Fun