• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
XRP Market Cap Reaches $50 Billion amid Positive Projections

XRP Market Cap Reaches $50 Billion amid Positive Projections

user avatar

by Giorgi Kostiuk

a year ago

XRP experienced a sudden price surge, reaching its highest value in over two years and increasing its market cap to $50 billion, making it the seventh-largest cryptocurrency.

Record Growth of the XRP Market

The XRP market cap jumped more than 21% in 24 hours on the back of high trading volumes that confirmed the bullish trend. This occurred as the broader cryptocurrency market was cooling off, highlighting the unique trend for XRP.

Impact of Possible SEC Chairman Resignation

The recent surge in XRP's value is attributed to comments by SEC Chairman Gary Gensler, which some interpreted as a hint at possible resignation, sparking optimism in the crypto market.

Reaction to Political Events

Investors also reacted to political events, particularly Donald Trump's statements about potentially removing Gary Gensler. Ripple CEO Brad Garlinghouse added to the optimism, highlighting the resilience of US-related digital currencies like XRP.

The growth of XRP highlights the importance of regulatory and political developments in the crypto market, which can significantly impact token market capitalization and value.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Discombobulator Claims Leave Crypto Markets Unaffected

chest

Despite Trump's claims about the discombobulator weapon, there has been no impact on cryptocurrency markets.

user avatarNguyen Van Long

Bridges: The Unsung Heroes of DeFi Interoperability

chest

Bridges and their tokens are essential for interoperability in DeFi, exemplified by Binance Bridged USDC on BNB Smart Chain.

user avatarSatoshi Nakamura

Lessons from Solana: The Importance of Early Participation

chest

The story of Solana serves as a reminder that early-stage projects often appear risky but can yield significant returns for those willing to take calculated risks.

user avatarJesper Sørensen

Tax Policy Hinders Bitcoin Adoption as Payment Method

chest

Tax policy is the main barrier to Bitcoin adoption as a payment method, according to Pierre Rochard, highlighting the need for a de minimis tax exemption for small transactions.

user avatarLucas Weissmann

Senator Lummis Suggests Tax Relief for Minor Bitcoin Transactions.

chest

Senator Lummis proposes a de minimis tax exemption for small Bitcoin transactions of $300 or less to support the crypto industry.

user avatarRajesh Kumar

WhiteBIT Launches ICTC, the First LiveStreamed Global Trading Tournament

chest

In 2025, WhiteBIT launched ICTC, the world's first livestreamed global crypto trading championship, enhancing competition and transparency in the trading culture.

user avatarFilippo Romano

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.