Ripple’s XRP has managed to surge past $2 after what felt like an eternity, sitting at exactly $2.10 as of press time.
Not only that, but the coin has managed to overtake Solana as the fourth largest cryptocurrency by market capitalization, which used to be considered this cycle’s top performer. Fox Business journalist Eleanor Terrett marked the occasion with a post on X, saying:
“Wow. Pre-lawsuit, XRP was the third largest cryptocurrency by market cap. When the SEC sued Ripple in December 2020, the price fell from around $0.50 to $0.17, taking out with it more than $15B in market value. While the price recovered, XRP spent the next four years at the #7 spot. It’s now risen back to the #4 spot and reached $2, up nearly 300% this month.”
XRP first made its comeback after President Donald Trump’s win on November 5th, along with the rest of the crypto market. Then came SEC chair Gary Gensler’s resignation announcement, and the XRP Army lost it. The bears were flipped into bulls in a blink of an eye.
The market has been on fire ever since. It’s only a matter of time until XRP smashes through it’s all-time high of $3.84, which was reached nearly seven years ago.
Meanwhile, its case with the SEC continues. But get this, institutions are rushing to launch XRP exchange-traded funds (ETFs) in the United States right now, evidently undeterred.
And Trump plans to hand over the regulations of crypto entirely to the Commodity Futures Trading Commission (CFTC) instead, so either way, XRP is heading into an extremely bullish year.
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