• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

XRP: How SEC Developments Impacted Its Price Rise?

user avatar

by Giorgi Kostiuk

2 years ago

Altcoins continue to experience significant growth, with Ripple's XRP leading the charge by increasing its value by 32% in just one day.

Current Market Situation

The market is in a state of rapid growth, with certain altcoins taking the lead. Particularly noteworthy is XRP, which showcases the best performance among major cryptocurrencies.

XRP Surge and Its Reasons

XRP's price has surged to just below $1.20, linked to a letter by SEC Chairman Gary Gensler, perceived as his potential resignation. President-elect Donald Trump has promised to appoint a pro-crypto chairman, possibly favoring Ripple in its ongoing lawsuit.

Future Speculations

Many believe that if Gensler steps down early and is replaced by a crypto-friendly chair, this could positively impact Ripple and the price of XRP.

Amidst the expected leadership changes at the SEC and potential shifts in the ongoing lawsuit, XRP's price is rapidly rising, though the company's future remains uncertain.

chest
chest
chest

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Cardano ADA Sees Notable Price Surge.

chest

Cardano ADA has experienced a significant price rally, with a 62% increase in the last 24 hours, driven by community support and whale accumulation.

user avatarAndrew Smith

Bitmine Immersion Technologies Increases Its Ethereum Assets.

chest

Bitmine Immersion Technologies has purchased an additional 10,399 ETH, bringing its total to 5,797,813 ETH.

user avatarJacob Williams

Google's Stock Expected to Rise

chest

Google's parent company, Alphabet, is anticipated to deliver great returns as AI technology advances.

user avatarAyman Ben Youssef

AMD Positioned for AI Growth

chest

AMD is set to benefit from the rise of agentic AI, manufacturing both CPUs and GPUs.

user avatarZainab Kamara

AI Stocks Surge in 2026

chest

AI stocks have become some of the best-performing assets, particularly in the US and South Korean markets.

user avatarSon Min-ho

Bithumb Sets IPO Roadmap for 2028 Amid Regulatory Challenges

chest

Bithumb has announced a three-stage plan to prepare for a stock market listing by 2028, focusing on internal control upgrades and compliance.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.