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

XRP Nears $1: Current Events and Forecasts

user avatar

by Giorgi Kostiuk

a year ago

XRP is exhibiting significant growth, nearing the $1 mark, driven by positive market factors and political developments.

Cryptocurrency Market Trends

The cryptocurrency market is on a sharp upswing, led by Bitcoin's rise. This has pushed other cryptocurrencies, including XRP, to new highs. Over the past four days, XRP has surged more than 80% from its lowest point this year. The total market capitalization of cryptocurrencies exceeded $3 trillion for the first time since 2021.

Ripple News

A contributing factor to XRP's rise is potential changes in SEC leadership. This is linked to the election victory of Donald Trump, who plans to replace SEC Chair Gary Gensler with a more crypto-friendly regulator. This could lead to the withdrawal of the SEC's appeal in the Ripple case and facilitate the company's growth through partnerships with banks and other financial institutions.

Technical Analysis and Forecasts

From a technical standpoint, XRP has shown significant recovery, exceeding the resistance level of $0.6655. Notable signals such as a golden cross suggest potential continued growth towards $1. However, it is crucial for the price to stay above $0.60 to maintain the current trend.

XRP continues to exhibit strong growth amidst favorable market and political changes. If the current trend persists, XRP may further approach the $1 mark.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Tron Network Achieves New Stablecoin Milestone

chest

The Tron network has reached a significant milestone as its stablecoin count surpassed 84 billion for the first time this week.

user avatarLi Weicheng

Meta's Shift Away from VR Raises Concerns in the Industry

chest

Meta's recent decisions signal a major shift in its approach to virtual reality, impacting developers and the broader VR market.

user avatarBayarjavkhlan Ganbaatar

Meta Reduces Workforce in Reality Labs, Shifts Focus from VR

chest

Meta has announced a significant reduction in its workforce within the Reality Labs division, cutting approximately 1,000 jobs, and shifting focus from virtual reality to wearable technology and AI.

user avatarTenzin Dorje

EU Explores New Import Tax Strategy for Chinese Electric Vehicles

chest

The European Union is considering a new import tax strategy that would replace high tariffs on Chinese electric vehicles with minimum price requirements to enhance trade relations.

user avatarMohamed Farouk

BYD Aims for 13 Million International Vehicle Sales in 2026

chest

BYD aims to sell 13 million vehicles internationally in 2026, a nearly 25% increase from 2025, as it faces challenges in the Chinese market.

user avatarDiego Alvarez

China Reduces Electric Vehicle Incentives, Affecting Local Market

chest

China has scaled back its electric vehicle incentives, affecting sales and competition among local manufacturers.

user avatarElias Mukuru

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.