XRP, known for its long-standing legal battle with the SEC, has seen significant growth following Donald Trump's presidential election victory.
XRP's Rapid Price Increase
Recently on the offensive again, XRP has exceeded $3, securing the third place in cryptocurrencies, second only to Bitcoin and Ethereum. This surge has been a record-breaking achievement for XRP.
Analysts' Predictions on XRP's Future
Sam Ruskin, an analyst at Messari, suggested that XRP could surpass Ethereum’s market value, citing a 460% increase in XRP value post-November elections and growing investor interest.
Factors Driving XRP's Growth
Analysts have identified four potential factors that could further drive XRP’s growth: Trump's inauguration could revitalize interest in XRP; the possibility of XRP receiving ETF approval; the removal of capital gains tax for US companies could boost demand for XRP; and the trend of cryptocurrencies rising after Trump’s election.
Trump's inauguration could continue to impact XRP’s value, potentially setting the stage for it to surpass Ethereum.
