The XRP price rally coincides with the re-election of Donald Trump, whose administration is anticipated to implement crypto-friendly policies. Additionally, the impending resignation of SEC Chairman Gary Gensler has buoyed investor confidence, given Ripple’s ongoing legal battles with the SEC.
XRP is up 433% over the last 30 days, Source: BNC XRPLX
Ripple’s strategic initiatives, including the planned launch of its USD-backed stablecoin, RLUSD, have further enhanced market sentiment. Approved by the New York Department of Financial Services, RLUSD positions Ripple to compete directly with established stablecoins like USDT and USDC.
XRP has rocketed up the market cap table, overtaking Tether and Solana, Source: BNC
XRP’s recent surge solidifies its status as one of the most resilient and promising cryptocurrencies in the market. The potential for a more favorable regulatory climate under the Trump administration could open new doors for Ripple and its native token, paving the way for expanded use cases and broader acceptance. Adding to the excitement is the growing buzz around a possible XRP-focused ETF, which could attract significant institutional capital and propel mainstream adoption.
This meteoric rise is not just about price gains—it’s a testament to the crypto market’s resilience and its ability to adapt and thrive despite challenges. With a shifting regulatory environment and relentless innovation, XRP appears positioned for yet another historic breakout. Predictions of XRP’s ascent are taking over platforms like TikTok, fueling what can only be described as full-blown XRP mania. The question now isn’t if XRP will reach new heights, but how far it can go.
Meanwhile, Bitcoin (BTC) has encountered resistance near the $100,000 mark, with its price retreating to around $95,799. This pullback is largely due to profit-taking by long-term holders, who have offloaded significant amounts of BTC, creating a substantial sell wall. While Bitcoin consolidates, the market is taking the opportunity to reprice assets such as XRP, and traders are taking notice.
