Recent days have been significant for XRP and Ripple, the company behind this altcoin. XRP has risen considerably while Ripple continues its regulatory battles.
Notable Rise of XRP
Since election night, XRP has surged by 70%, fueled by speculation about Ripple CEO Brad Garlinghouse's meeting with President-elect Donald Trump and rumors about SEC Chair Gary Gensler's resignation.
Ripple's Regulatory Challenges Response
Ripple is engaged in a fight with the SEC, which CEO Garlinghouse calls an "illegal war." This week saw 18 state attorneys general filing a lawsuit against the SEC, bolstering support for Ripple. Garlinghouse welcomed this step: "Ripple has been fighting this fight since the beginning."
Future of Ripple and the Crypto Market
Garlinghouse is optimistic about the future for Ripple and the crypto market as a whole. His confidence is strengthened by XRP's relisting on Robinhood, reflecting increased trust in US regulatory environments. Garlinghouse stated: "The United States is unleashing its potential. I am excited about what the future holds for Ripple and the entire crypto industry."
Ripple and XRP are capturing the attention of the entire crypto industry with their actions and statements. As anticipated, the future promises to be exciting and full of new opportunities for innovation and entrepreneurship.
