Ripple has received formal recognition from U.S. authorities for its commitment to philanthropic activities using XRP and social responsibility in the Bay Area, where San Francisco is located and where it is headquartered.
Ripple shared news of this acknowledgment on its official X account, noting its inclusion among leading corporate contributors to the local community.
Ripple’s Philanthropic Impact
In the public statement, Ripple disclosed that the San Francisco Business Times had named it one of the region’s most active corporate philanthropists. This recognition reflects the company’s broad engagement with educational institutions and nonprofit organizations, as well as its focus on promoting financial accessibility through technological innovation.
Ripple also shared its 2024 Impact Report, which outlines the extent of its charitable initiatives over the past year. According to the report, Ripple supported over 70 universities and nonprofit organizations in 2024. More than half of these beneficiaries received multi-year funding commitments.
Ripple’s philanthropic strategy includes allocating a fixed share of 1% of its profits to expanding access to financial services, particularly through blockchain technology.
Ripple’s social engagement also extends to crisis response. In 2024, the company assisted communities impacted by natural disasters, including Hurricanes Helene and Milton. In those instances, Ripple donated XRP to relief organizations such as World Central Kitchen, which delivered aid to affected areas.
These contributions are part of Ripple’s broader objective to apply blockchain-based solutions in support of both immediate relief and long-term development.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Whale Transactions Coincide with XRP Recovery
While Ripple was recognized for its local community engagement, activity in the XRP market also attracted attention. On the same day as Ripple’s announcement, Whale Alert, a service that tracks large cryptocurrency transactions, reported a notable transfer involving 20 million XRP ($60.5 million) from the South Korean exchange Upbit to an unidentified wallet.
Large withdrawals from major exchanges are often associated with internal transactions, such as fund redistributions between exchange-managed wallets. Given the size of the transaction and the absence of further details, it has drawn speculation from market watchers, as the XRP ecosystem has recently seen notable whale activity.
At the same time, XRP’s price has shown upward movement. After a recent decline to $2.74, the asset recovered most of those losses, briefly regaining the $3 level. The asset has dipped slightly, now trading at $2.93. However, it is still up almost 30% from last month.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on X, Facebook, Telegram, and Google News
The post Ripple Wins U.S. Authorities Recognition for Doing This Using XRP appeared first on Times Tabloid.
