XRP Market Cap Reaches $50 Billion amid Positive Projections

XRP Market Cap Reaches $50 Billion amid Positive Projections

user avatar

by Giorgi Kostiuk

2 years 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Morgan Stanley's Bitcoin Accumulation Boosts Market Confidence

chest

Morgan Stanley has been actively accumulating Bitcoin through the ETF route, amassing approximately 622 million worth of the cryptocurrency this month.

user avatarRajesh Kumar

Microsoft Opens Public Feedback for AI Code of Conduct

chest

Microsoft is inviting public feedback on its draft Code of Conduct for AI models until late October, aiming to refine guidelines before finalizing them for 2027.

user avatarLuis Flores

Microsoft AI Releases Draft Code of Conduct for AI Models

chest

Microsoft AI has published a draft Code of Conduct outlining the expected behavior and limitations of its AI models, inviting public feedback for six weeks.

user avatarMiguel Rodriguez

Clichmont's Infrastructure Plan: Control Through GPUs.

chest

Clichmont emphasizes the importance of energy and infrastructure in AI compute, stating that owning data centers is more strategic than renting GPUs.

user avatarArif Mukhtar

Clichmont's Unique Approach to AI Infrastructure

chest

Clichmont CEO Alexis Cathalifaud discusses the company's strategy of owning data centers rather than renting GPU capacity.

user avatarMaria Gutierrez

MEXC Launches Campaigns to Enhance Trading Experience

chest

MEXC launched three flagship campaigns in August 2026 to enhance trading participation, attracting over 174,000 registrations with a total prize pool of 1 million USDT.

user avatarDavid Robinson

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.