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Key Takeaways:
- Ripple was named a top corporate philanthropist in the San Francisco Bay Area.
- The firm supported 70+ organizations in 2024, emphasizing education and disaster relief.
- A 20M XRP transfer coincided with XRP’s price rebound to $2.93.
Ripple has received official recognition for its philanthropic efforts from U.S. authorities and the San Francisco Business Times, which named the blockchain firm one of the region’s most active corporate philanthropists. Headquartered in San Francisco, Ripple has consistently committed 1% of profits to social impact initiatives, including support for education, financial inclusion, and disaster relief.
Honored to again be recognized by the @SFBusinessTimes as one of the Bay Area’s Top Corporate Philanthropists!
— Ripple (@Ripple) August 4, 2025
Learn how Ripple gives back to our local communities in the 2024 Ripple Impact Report: https://t.co/M2TLf2K3PX
In 2024 alone, Ripple funded more than 70 universities and nonprofit organizations, with the majority receiving multi-year support. This aligns with Ripple’s long-term goal of using blockchain technology to bridge access gaps in global financial systems.
2024 Impact Report Highlights Ripple’s Charitable Strategy
Ripple’s 2024 Impact Report provided detailed insights into its philanthropic reach. Beyond education and innovation, the company emphasized crisis response, particularly during Hurricanes Helene and Milton. Ripple contributed XRP directly to aid groups like World Central Kitchen, facilitating real-time, crypto-enabled relief delivery.
The firm’s continued use of XRP for charitable giving exemplifies a practical application of blockchain to meet urgent humanitarian needs and promote inclusive development.
XRP Whale Moves Coincide With Price Recovery
Coinciding with Ripple’s announcement, Whale Alert tracked a significant transaction involving 20 million XRP (worth $60.5 million) transferred from South Korean exchange Upbit to an unknown wallet. Although large withdrawals are often routine, the lack of detail has sparked speculation amid rising XRP prices.
Also Read: XRP Price Alert: Analyst Warns of Potential Sell Signal as RSI Hits Overbought Zone
Following a dip to $2.74, XRP rebounded, briefly surpassing $3 before settling at $2.93—still up nearly 30% month-over-month. The transaction’s timing has drawn attention from market analysts closely watching whale activity in the ecosystem.
Ripple Aligns Market and Mission
Ripple’s simultaneous recognition for community impact and XRP’s market movement underscores the company’s dual focus on social good and financial innovation. As the blockchain sector matures, Ripple is positioning itself not only as a technology leader but also as a model for corporate responsibility in crypto.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
