• 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

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Locked Ethereum Supply Influences Market Dynamics

chest

The increase in locked Ethereum supply is impacting market dynamics, reducing selling pressure and altering trading conditions.

user avatarDiego Alvarez

Ethereum Staking Rate Reaches New Heights

chest

The Ethereum staking rate has surged to an all-time high, with over 30% of the total ETH supply now locked in staking contracts.

user avatarKenji Takahashi

Analysts Weigh in on Altcoin Gains and Economic Indicators

chest

Analysts discuss the sustainability of recent altcoin gains and the importance of upcoming US economic indicators.

user avatarGustavo Mendoza

Altcoins Surge as Bitcoin Remains Stable

chest

A selection of altcoins has posted double-digit gains over the past week, while Bitcoin remains stable and rangebound.

user avatarMaria Fernandez

Ric Edelman Predicts Bitcoin Could Reach $500,000 by 2030

chest

Financial adviser Ric Edelman predicts Bitcoin could reach $500,000 by 2030 based on a simple allocation model.

user avatarMiguel Rodriguez

Edelman Highlights Ethereum's Role in Crypto Market

chest

Ric Edelman discusses the importance of Ethereum in the cryptocurrency market, particularly in relation to stablecoins.

user avatarRajesh Kumar

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.