The post Why XRP Price is Surging Today? Is XRP ATH Imminent in December? appeared first on Coinpedia Fintech News

XRP news today highlights its price surge past $2, reaching its highest levels since 2018. This jump, bringing its market cap above $100 billion, comes after a prolonged period of stagnation due to Ripple’s ongoing legal battle with the SEC

Now, it seems like XRP is reclaiming its place in the market, and there’s more exciting news on the horizon. In a video analysis by Altcoin Daily the analyst charts out the key factors behind this bullish rally. 

Let’s dive straight into the facts. 

Ripple’s Stablecoin Could Be a Game-Changer

The main factor driving XRP’s rise is Ripple’s upcoming stablecoin, RLUSD. Ripple is close to getting regulatory approval to launch the stablecoin, which could happen as soon as December 4th. The company has been working to ensure it complies with U.S. regulations before going live. Once RLUSD gets the green light, it could have a big impact on XRP’s price.

A recent report from Fox Business revealed that the New York Department of Financial Services (NYDFS) could approve RLUSD soon. If this happens, Ripple’s software could be used more widely by traditional banks, which could adopt RLUSD for transactions. As more banks use Ripple’s software, the demand for XRP is likely to rise as well, benefiting the token.

Ripple’s Growing Footprint in the Stablecoin Market

RLUSD has the potential to make a huge impact on the $200 billion stablecoin market, which is currently led by Tether (USDT) and Circle (USDC). With Ripple already well-integrated into the financial system, the addition of a stablecoin could further boost XRP’s utility and adoption. The more RLUSD is used, the more XRP could be needed for transactions, creating a positive feedback loop that benefits both Ripple and XRP. 

Legal Battle with the SEC May Soon End

Another factor that’s giving positive vibes is the Ripple vs SEC case coming to an end. SEC Chairman Gary Gensler recently announced he will step down in January, and many in the XRP community are hopeful that his departure could lead to a more favorable outcome for Ripple. Legal experts, including attorney Jeremy Hogan, suggest that the SEC may drop all non-fraud crypto cases, including Ripple’s, which could result in a settlement.

Positive Market Signals for XRP

Looking at XRP’s technical indicators, there are bullish signs across short, medium, and long-term trends. The moving averages show positive crossovers, suggesting potential price strength. While volatility is moderate at 7.75%, the RSI is at 93.89, indicating neutral conditions. The MACD shows mild upward momentum, signaling positive pressure in the market. Currently, XRP is trading at $2.39.

Is XRP a Good Investment?

XRP could be a good investment due to the upcoming launch of Ripple’s stablecoin RLUSD and the potential end of its legal battle with the SEC, which may drive increased demand. However, its volatility and market risks should be carefully considered.

Can Ripple reach 100 euros?

Reaching 100 euros seems unlikely for XRP, as it would require an unrealistic market cap and drastic changes like massive token burns. XRP’s potential growth is more feasible through adoption in cross-border payments, but not at such high price levels​

How High Can XRP Realistically Go ?

XRP has the potential to reach $4 in the short term, driven by Ripple’s global payment expansion and partnerships.

The post XRP News: Ripple Lawsuit and Market Momentum Push XRP Price Back in Top 3 Crypto appeared first on Coinpedia Fintech News

XRP price is back in action, recently after hitting $2 it surpassed USDT to become the third-largest cryptocurrency by market cap flipping Tether and Solana. This marks a major milestone, bringing XRP back to where it was before Ripple’s legal battle with the SEC.

Fox Business journalist Eleanor Terrett recently highlighted XRP’s challenges, noting it was once the second-largest cryptocurrency before the SEC’s 2018 Hinman speech. The speech classified Bitcoin and Ethereum as non-securities, causing XRP to lose its position to Ethereum by November 2018 due to regulatory uncertainty. Documents from the Ripple case, known as the “Hinman emails,” revealed internal SEC disagreements about the speech’s impact on other cryptocurrencies.

Six years later, XRP’s regulatory status remains unclear, fueling ongoing debates on how cryptocurrencies should be classified.

John Deaton’s Legal Battle for XRP’s Fairness

Attorney John Deaton has been a key figure in XRP’s legal journey. Reflecting on his battle against the SEC, Deaton revealed that his initial XRP holdings were modest compared to his investments in Bitcoin and Ethereum. However, the SEC’s claim that all XRP transactions were illegal motivated him to step up and defend not just Ripple but also XRP’s global users.

Deaton highlighted key inconsistencies in the SEC’s actions. In 2014, the U.S. Government Accountability Office classified XRP as a virtual currency. In 2015, FinCEN declared XRP a currency and set compliance rules for Ripple. By 2019, Coinbase listed XRP after thorough legal reviews, and MoneyGram publicly disclosed using XRP in its business. Despite these validations, the SEC filed its lawsuit in December 2020, calling XRP an unregistered security and sending shockwaves through the crypto world.

But it’s not just Deaton who supported XRP, the 75000 XRP army also made it possible and stayed strong in all phases of XRP. Many investors have doubled their holdings just to show their confidence in XRP. 

XRP Price Surge

XRP closed November with a whopping 3x rally, hitting a seven-year high. The crypto remained resilient despite releasing 1 billion tokens, which might concern newcomers unfamiliar with XRP’s tokenomics. After yesterday’s 2.4% dip, XRP has seen a 29% surge today and is currently trading at $2.44.

As the new month begins, market watchers are eager to see how XRP performs amid increased trading volumes, suggesting the continuation of its recent momentum. Analysts are hopeful that XRP will see a massive jump in January after Gary Gensler steps down. 

Coinspeaker Ripple Whales Scoop Close to $180M in XRP as Legal Battles Near Conclusion

Hopes are so high within Ripple’s community that its native token, XRP XRP $2.33 24h volatility: 21.1% Market cap: $132.38 B Vol. 24h: $36.63 B , is not only seeing a surge in its value but also in investor confidence. This follows after the recent activities of large-scale investors known as “whales” came to light.

According to data being reported, these whales have accumulated over $177 million worth of the XRP token. This shows an increasing level of interest from the market, which usually translates to more investor optimism.

Ripple Whales Stack Up on XRP, Here’s Why

As popular blockchain tracker Whale Alert observed, two major transactions involving XRP took place on Monday, December 2.

A first wallet, whose owner is yet to be identified, acquired 50 million XRP tokens from the South Korean exchange Upbit at $116.5 million. The second transaction also involved a separate wallet. This wallet purchased 25.08 million XRP tokens from Binance, over two separate transactions worth $61.08 million in total.

Quite easily, one may conclude that these big accumulations are a result of the rising confidence that investors now have in XRP, particularly, in terms of the fact that it may be long overdue for a rally in the market.

Meanwhile, it might also be worth noting that the surge in whale activity is coming at a significant time in Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC). Recent developments around the long-standing case suggest that Ripple Labs, the company behind XRP, may finally be nearing the end of the tunnel.

Ripple has been battling the SEC over whether to classify XRP as a security or not. However, the company’s fate appeared sealed under the previous SEC leadership.

With new hopes now rising with new leadership at the agency, it is a popular opinion among industry experts that there will be favorable outcomes for Ripple.

Adding to the optimism is the fact that Ripple also recently locked 770 million XRP tokens, worth around $1 billion, in escrow. This move has once again boosted the confidence of investors, as it tells them of Ripple’s commitment to maintaining market stability and ensuring long-term growth for the XRP token.

XRP Surges Past $2 amid Bullish Momentum

Expectedly, the recent events — on the legal and market scenes — have meant a notable price rally for XRP. As of this publication,  XRP has soared to $2.33, marking a 23.9% gain in just 24 hours. Its weekly and monthly gains are equally as impressive, at 57.3% and 356%, respectively.

Notably, the stellar performance of XRP has now helped it become the third-largest cryptocurrency through market capitalization after displacing Solana and Tether.

next

Ripple Whales Scoop Close to $180M in XRP as Legal Battles Near Conclusion

According to Odaily, a recent article from the Wall Street Journal suggests that if Donald Trump returns to the White House, the U.S. Securities and Exchange Commission (SEC) might ease its legal battles against cryptocurrency exchanges. Although Trump has not yet disclosed his choice for the next SEC chair, rumours indicate that several candidates are vying for the position following Gary Gensler's resignation.The next SEC chair is expected to be selected from a pool of seasoned regulators and legal experts, each bringing unique expertise to the role. Paul Atkins, who served as an SEC commissioner from 2002 to 2008 and currently leads financial consultancy at Patomak Global Partners, is considered a strong contender. Additionally, Mark Uyeda has gained attention since 2022 for his pro-cryptocurrency stance, aligning with Trump's regulatory views.Other notable candidates include former Acting Comptroller of the Currency Brian Brooks and former SEC General Counsel Robert Stebbins. Legal heavyweights Richard Farley and Norm Champ have also entered the competition, adding to the diverse array of potential leaders who could influence the future direction of cryptocurrency regulation in the United States.

SEC is the trending talk after smashing major players in crypto. Everyone is looking for more data to get a clear picture of this big hit on giant crypto. The market is experiencing mixed sentiment after the SEC’s legal moves against big coins. Some investors are now looking for the best coin to invest in with massive gains as the news drops the confidence in these coins. With uncertainty and decline, many believe that it will bring more stability and compliance. 

Where the highly bought cryptos can sometimes fail due to some fraudulent activities and register tokens as securities, Aureal One saves the day with its high security features and transparency with investors. Stay tuned to learn more about the court ruling and which is the best crypto to invest now.

How is the SEC Ruling Affecting the Market?

Through the latest court ruling, we can comprehend that the regulatory landscape requires some modifications by the SEC and cryptocurrency for the crypto world. By establishing legal precedents that shield decentralized projects and set them apart from centralized organizations subject to more stringent regulatory scrutiny, these decisions may help initiatives like Aureal One. Which makes it the best crypto to invest now to explore its benefits at the lowest price.

The SEC’s attempt to expand its jurisdiction by enacting a new “Dealer Rule,” which aimed to regulate companies that deal with cryptocurrency assets as securities dealers, was declared unlawful by a federal court in Texas. The crypto business won, and the SEC’s regulatory reach was constrained when the court decided that this went beyond the agency’s legal bounds.

The SEC is still appealing a prior partial victory in the Ripple case, in which it was determined that XRP was not a security in programmatic sales. The resolution of these appeals will make it clearer how securities rules relate to transactions involving cryptocurrency.

Regarding Coinbase, a recent decision upheld the SEC’s assertion that, according to the Howey Test, some of the platform’s tokens are securities. This ruling supports the idea that marketing strategies and token ecosystems can make them investment contracts.

These decisions uphold the SEC’s position on certain crypto designations and represent a larger judicial backlash against the agency’s alleged overreach. Particularly with regard to decentralized finance (DeFi) systems and cryptocurrency staking initiatives, the rulings may establish precedents that impact upcoming enforcement actions and regulatory regulations. Investors must be ready with the best coin to invest in after clarifications are made on the ongoing cases.

These incidents highlight the complex and tense connection that exists between regulatory frameworks and the rapidly expanding cryptocurrency market. Their results may result in more stringent enforcement along with more lucid regulations.

This Token is a Game Changer

Aureal One (DLUME), a blockchain initiative designed for gaming and metaverse applications, has gained significant attention during its presale phase. DLUME is currently the best coin to invest in with a secure network and speedy transactions. While the SEC (U.S. Securities and Exchange Commission) typically does not “support” specific cryptocurrencies, Aureal One’s market entry and appeal are based on its innovative features rather than direct regulatory endorsement.

The platform addresses common blockchain difficulties, including excessive transaction fees and scalability problems with cutting-edge technology like Zero-Knowledge Rollups. Microtransactions and fluid gameplay are essential for next-generation gaming and metaverse settings, and Aureal One seeks to accommodate both. Significant money was raised during its presale, demonstrating high investor interest and market confidence in its prospects.​

By avoiding speculative or non-compliant actions that draw regulatory attention, Aureal One, the best crypto to invest now, may emphasize its emphasis on technology and practical applications.​ More judicial opposition to the SEC might inspire investors who support innovation and decentralization, which would be in line with Aureal One’s objectives

Aureal One must make sure that its tokens and operations adhere to existing securities regulations; one should speak with legal professionals. Gaining investor trust can be facilitated by providing clear information about the token’s non-security status and utility. Its chances of sales and adoption could be improved by utilizing the favorable market sentiment brought about by recent decisions.

What Makes This Crypto Best of All?

A number of variables make Aureal One (DLUME) an attractive prospect for investment, and it is gaining recognition as a viable cryptocurrency initiative. Zero-Knowledge Rollups (ZK-Rollups) are a cutting-edge technique used by Aureal One to address the scalability problems that many blockchains have. ZK-Rollups are ideal for virtual reality and gaming environments because they can process thousands of transactions per second (TPS) while drastically lowering transaction fees.

Aureal One is positioned to serve applications like gaming, NFTs, and microtransactions, where traditional blockchains frequently encounter constraints, thanks to its extremely cheap fees and high throughput. The real-time environment-optimized design of Aureal One enables smooth experiences in metaverse apps, virtual worlds, and large-scale gaming ecosystems.

Aureal One is designed for gaming settings that need to handle transactions quickly and affordably, making it the best crypto to invest now. Demand for the DLUME token may increase as a result of the blockchain’s architecture supporting a variety of use cases, such as virtual property ownership and in-game sales. Because of its low transaction costs, it is perfect for microtransactions, which are prevalent in the gaming industry and may play a significant role in adoption.

During its presale, Aureal One gives investors the ability to enter early, which can be a profitable opportunity for massive gains. There is a lot of room for expansion given the current presale price of $0.0005 per DLUME token and the anticipated large price hikes, ensuring it is the best coin to invest in. Because of the community-focused presale structure, investors are more likely to participate and feel a feeling of ownership.

Conclusion

After discussing deeply about the smashing information all over the internet and its effect on the market, Aureal One proves to be the best choice when it comes to investing in cryptocurrency. Whatever the final judgment about the giant cryptos, Aureal One is a safe space to purchase DLUME tokens and enjoy the massive gains you experience. The best coin to invest in, DLUME, has several benefits that we discussed in the article.

The cryptocurrency world will see ups and downs in different situations; however, a good experience with the market will allow you to invest smartly. The best part about investing in Aureal One is that you need not have years of experience to choose it. Its lowest price in presale lets you have your own experience, making it the best crypto to invest now.

The post SEC Smashes Crypto Giant: How the Latest Court Ruling Could Change Everything appeared first on Coinfomania.

We can clearly see the optimism surrounding the asset fueled by the XRP whale transactions and boosted investor enthusiasm.

Moving forward with the whale data, a wallet address named ‘r32…yLn’ purchased 50 million coins, whose worth is estimated at $116.50 million.

 Another whale address ‘rfQ…Cvi’ had purchased 25.08 million tokens whose worth is estimated at $61.08 million from an exchange, Binance. 

A wave of optimism has surfaced in the crypto market as the whales of Ripple accumulate around $180 million worth of tokens amid a highly bullish XRP market. After making legal progress in favor of Ripple Labs, a strong accumulation trend can be witnessed. 

The legal progress has also helped boost the price and market capitalization of XRP. It is noteworthy that as the legal action in the Ripple Vs. SEC case approaches an end, XRP is witnessing significant gains and has positioned itself as the third-largest cryptocurrency in terms of market capitalization. 

The latest purchase by Ripple Whales has ignited market interest in the cryptocurrency, followed by the progress in legal proceedings. On December 2, the Whale Alert data showed that a number of accumulations happened within trading hours. 

The big transactions

Moving forward with the whale data, a wallet address named ‘r32…yLn’ purchased 50 million coins, whose worth is estimated at $116.50 million from a prominent exchange, Upbit. Another whale address ‘rfQ…Cvi’ had purchased 25.08 million tokens whose worth is estimated at $61.08 million from another exchange, Binance. This purchase from Binance was done with two transactions. 

As a conclusion, these big purchases led to increased market interest in the asset and have ignited the optimism of investors. At the same time, Ripple Labs is looking for a full termination of the XRP case after the entry of a new SEC Chair under the Trump administration. 

Three prominent attorneys, Bill Morgan, Fred Rispoli, and Jeremy Hogan have indicated that the appeals will possibly be dissolved or drawn in the case. The Whale Alert data has also highlighted whooping 770 million coins whose worth is about $1 billion to be locked in escrow by Ripple. 

Optimism fueled by XRP whale transactions

Now, we can clearly see the optimism surrounding the asset fueled by the XRP whale transactions and boosted investor enthusiasm. At the press time, the price of XRP is 19.96% up in the last 24 hours and is currently trading at $2.29. 

In the past 7 days, a significant gain of 63% was witnessed and a gain of 367% was recorded in the past month. Concluding, the upward trajectory has revived the market optimism for crypto, further strengthened by the big Ripple whale movements and positive legal progress. 

Recently, XRP has surpassed Solana (SOL) and Tether (USDT) to position itself as the third largest cryptocurrency in terms of market capitalization and the price crossing $2. 

Judging by Donald Trump’s victory in the United States elections, certain legal practitioners are confident that the Ripple-SEC appeal will be withdrawn. 

Three days ago, Charles Gasparino, a Senior Correspondent at Fox Business, released a tweet highlighting the potential implications of Trump’s re-election for the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs. 

New US President Equals New SEC Chairman 

Gasparino cited the Commission’s decision to drop the appeal once a new administration takes over, likely once Trump is in the White House. 

Noteworthy, the Republican politician promised to oust Gary Gensler, the current agency chairman, on his first day in office. This means the SEC would get a new chairman, a position Robinhood CLO Dan Gallagher recently rejected.

In addition, Gasparino quoted former Chairman of the Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, who also holds the same stance. 

SEC Has no Case Against Ripple 

Popular crypto lawyer Bill Morgan responded to Gasparino’s tweet, further emphasizing the possibility of having the SEC drop the appeal. 

He claimed that the appeal would be dropped because “there was no error made in the part of the case the SEC lost,” not because of political dynamics. In his opinion, the Commission’s move with the appeal is a political motive for continuing a near-hopeless appeal. 

Unfortunately, Gensler’s potential dethronement, tentatively scheduled for 20 January 2025, will also erase this political motive. 

This is the date of the official inauguration of the new US president. These comments have sparked significant discussion within the cryptocurrency community, and many crypto enthusiasts are still looking forward to the case’s eventual outcome.

Judge Torres Rules in Partial Favor of Ripple 

For background on the Ripple-SEC case, Federal judge Analisa Torres differentiated between institutional and programmatic sales of XRP in July 2023. 

She categorized the first group as securities, while programmatic sales to retail investors were termed non-securities. As this verdict marked a partial victory for Ripple, the SEC contested it.

In the meantime, trial dates for the unresolved appeals and claims in the Ripple-SEC lawsuit are scheduled for January 2025.

The post Legal Experts Sees End To Ripple-SEC Case In Trump’s Admin appeared first on TheCoinrise.com.

XRP, the cryptocurrency developed and issued by the United States blockchain firm Ripple, has made a historic comeback as the third-largest coin by market capitalization, sparking reactions from the community.

XRP (XRP) dropped out of the top three cryptocurrencies by market cap in December 2020 as the US Securities and Exchange Commission sued Ripple on allegations of facilitating an “unregistered digital asset securities offering.”

With the SEC’s lawsuit nearing resolution and Ripple achieving several legal victories in 2024, XRP has rallied, posting a massive spike in November after Donald Trump’s victory in the US presidential election.

Top five coins by market capitalization as of Dec. 2. Source: CoinGecko

After lagging behind Tether’s stablecoin, USDt (USDT), Binance’s BNB (BNB), Solana (SOL) and Circle’s USD Coin (USDC) for years, XRP is now the third largest cryptocurrency after Bitcoin (BTC) and Ether (ETH).

“This is how it looked before Dec. 22, 2020,” pro-XRP lawyer John Deaton wrote on X.

Four years as the seventh-biggest coin

When the SEC sued Ripple in December 2020, the price fell from around $0.50 to $0.17, wiping off more than $15 billion in market value, Fox Business reporter Eleanor Terrett said in an X post on Dec. 1, 2024.

“While the price recovered, XRP spent the next four years at the #7 spot,” Terrett added.

XRP’s market cap next to UDST, BNB, SOL and USDC on Aug. 28, 2024. Source: CoinGecko

“The fact that it never fell out of the top 10 said a lot,” one commentator noted.

XRP is now more popular than crypto: Google Trends

Amid a massive XRP breakout in November, the cryptocurrency has made waves on the web, with XRP-related Google searches spiking above those related to “crypto.”

According to data from Google Trends, the number of “XRP” searches broke above “crypto” searches on Google at least three times in November.

The current metrics also suggest that users continue to search for XRP significantly more than crypto in general at the time of writing.

“XRP” searches broke above “crypto” on Google. Source: Altcoin Daily

According to Google Trends, XRP also flipped ETH by Google searches in early November, but the data suggests it has yet to flip Bitcoin.

Will XRP flip ETH?

At the time of writing, XRP had a long way to go before beating Ether as the second-largest cryptocurrency by market cap, with ETH market value exceeding XRP by 219%.

According to crypto trader Christopher Jaszczynski, who posts on X under the social media brand name MMCrypto, XRP will flip ETH when its price surges to $7.75.

XRP (XRP) price chart over the past year. Source: CoinGecko

At the time of writing, XRP is trading at $2.35, up 24% over the past 24 hours. Since Nov. 1, the XRP price jumped 341%, with annual returns of roughly 280%.

Magazine: Dogecoin flips Porsche, trader turns $160 into $5.6M, and more: Hodler’s Digest, Nov. 24 – 30

In a stunning weekend rally, XRP reclaimed its place as one of the top three cryptocurrencies by market capitalization, surpassing both Solana (SOL) and Tether (USDT). The token’s meteoric rise comes after years of price stagnation and legal battles.

Moreover, Charles Gasparino, a Senior Correspondent at Fox Business, recently claimed that the SEC’s appeal in the Ripple-SEC case would be dropped. This also added to positive sentiment, reigniting hopes among its dedicated community, the XRP Army.

A Meteoric Comeback

XRP surged above $2 on Sunday night, pushing its market capitalization to over $140 billion and surpassing USDT’s $134 billion. This marks the first time XRP has approached its 2018 all-time high of $3.40 in over five years. Fueling this rally was a combination of legal developments and technical momentum.

Charles Gasparino of Fox Business hinted last week that the U.S. Securities and Exchange Commission (SEC) might drop its appeal against Ripple Labs, the largest holder of XRP. Gasparino suggested the SEC’s case had no errors on the disputed points it lost, rather than being politically motivated.

Technical indicators added to the excitement. Barchart highlighted the formation of a “God Candle” on XRP’s price chart, signaling strong bullish momentum. Over the past week, the token has spiked more than 80%, with a 30% gain in the last 24 hours alone. This surge has sparked renewed optimism, with some speculating XRP might soon challenge Ethereum (ETH) for the second spot in crypto rankings.

Vindication for XRP Army

XRP’s return to prominence feels like redemption for its loyal supporters, who endured years of price suppression following the SEC’s lawsuit against Ripple in late 2020. The legal uncertainty had driven XRP below $1, stalling its progress and tarnishing its once-strong reputation as a Bitcoin challenger.

With the lawsuit now leaning in Ripple’s favor, the token’s resurgence has revitalized its community. Social media platform X (formerly Twitter) was abuzz with celebratory memes and messages from holders, many of whom proudly declared their steadfast belief in the XRP Ledger’s potential. “The $XRP train has left the station,” exclaimed one holder, Edward Farina, encapsulating the euphoria among supporters.

Analysts like Jacob King have doubled down on XRP’s future, calling it “the only cryptocurrency with a feasible chance of surpassing Bitcoin.” As the token trends across financial media, its comeback not only underscores its resilience but also hints at its ambition to once again be a dominant force in the crypto world.

The post XRP Soars Past Solana and Tether to Reclaim Top 3 Spot in Crypto Rankings appeared first on TheCoinrise.com.

According to Odaily, XRP has recently overtaken USDT in market capitalization, reclaiming its position as the third-largest cryptocurrency. This development marks a return to its status before the SEC's lawsuit against Ripple. Back in June 2018, prior to a significant speech by William Hinman, the SEC had considered Bitcoin and Ethereum as non-securities due to their 'sufficient decentralization.' At that time, XRP was the second-largest cryptocurrency by market capitalization, trailing only Ethereum.Following Hinman's speech, Ethereum's market capitalization surpassed that of XRP by November 2018. The Ripple case has brought to light the so-called 'Hinman emails,' which reveal that some SEC officials had differing opinions on the speech's content. These officials expressed concerns that the speech might impact the regulatory status of other cryptocurrencies. Six years later, the regulatory status of many cryptocurrencies remains uncertain.

XRP surpassed the $2 resistance and has the potential to surpass its ATH during this bull run.

It has gained 354.25% over the past one month and 23.20% in the last 24-hours.

In the bull market, XRP could likely surpass its ATH and reach a new level of around $5.

XRP has been the centre of SEC’s attention since 2020, with repeated lawsuits that kept its price below $1. But things took a turn when Donald Trump was re-elected as the President. The price of XRP has steadily risen over the past month, reaching a value of $2.45 at press time. Unlike other coins which experienced fluctuations, XRP has been following a steady approach. The steady rise has made it to give a breakthrough in market cap breaching the $100 billion milestone. With the ongoing momentum its price exceeded the $2 milestone. This continuous growth can take XRP to a new ATH of $5. 

Over the past month, XRP has increased by 354.25% and in the last 24 hours it has seen an increase of 31.91%. Its market cap has soared past the $100 billion milestone, reaching $141.1 billion, surpassing USDT and SOL which has a market cap of around $134.2 billion and $111.7 billion securing the Third spot in the crypto rankings. Furthermore, its 24-hour volume has risen by 33.61% reaching $20 billion. 

The post XRP Surpassed $2, Will It Touch a New All-Time High of $5? appeared first on CryptoTale.

XRP, a cryptocurrency launched by Ripple Labs Inc, has grown significantly in the past 7 days. These surges have brought the market cap to the third biggest after Bitcoin and Ethereum.

According to CoinMarketCap data on Nov. 02, XRP price has surged 27.72% from $1.8 to $2.3 at the time of writing. The price even meteorically increases by 365% from $0.51 in the past month, making them the top gainers along with Peanut (PNUT), Stellar (XLM), and Hedera (HBAR).

The price movement also made XRP’s market capitalization as the third largest in the world after surging 26% to $136 billion, surpassing Tether (USDT) and Solana (SOL) with $134 billion and $108 billion, respectively.

1 Day XRP price chart, September 08 – December 02, 2024 | Source: crypto.news

The tokens were also actively traded for about $26.41 billion, or an increase of 75% in a day. Earlier last week, XRP had already flipped Binance’s BNB after they reached $97 billion in market cap, while BNB was still on their $95 billion.

Ripple’s business expansion and market optimism pushed the price movement and headed to the all-time high record of $3.8 that was reached 7 years ago.

Read more: Ripple’s XRP flips Binance BNB after 16% surge

XRP’s move on financial market

WisdomTree, one of the U.S. Bitcoin ETF issuers, was proposed to the state of Delaware for XRP ETF on Nov. 25. Yet, it’s not officially purposed to the Securities and Exchange Commission (SEC); the market was already enthusiastic with the fillings which proposed to the division of corporations of the state.

21Shares also proposed the crypto-related product named 21Shares Core XRP Trust to the commission on Nov. 01. Bitwise also submitted a similar application for the product in early October.

Although the dispute between Ripple and SEC has not shown any better, the market is still optimistic about the next Trump administration, which supports crypto-friendly regulations. The new chairman of the SEC would also be picked after current executive Gary Gensler is about to withdraw before Trump’s inauguration.

Read more: Anti-crypto Gary Gensler to resign from SEC when Trump takes office

XRP bounced 23.2% in a day, raising its market value to $132.8 billion and overtaking Tether (USDT) in rankings.

XRP dominated Upbit’s trading action, with $3.69 billion in trades, representing 27.35% of the total volume.

XRP contacted a price of $2.45, achieving an FDV of $244.07 billion despite legal challenges.

Just recently, XRP has brought its position in the crypto industry, surpassing Tether (USDT) to become the third ranking digital asset by market value. XRP now tracks Bitcoin and Ethereum in the overall market cap.

Trading Volume Dominance on Upbit and SEC Recovery

XRP’s rise was emphasized by its trading activity on Upbit, South Korea's largest crypto exchange as noted by WuBlockchain via the X platform. The asset added 27.35% of the Upbit total trading volume over the past 24 hours, with $3.69 billion worth of XRP changing hands while BTC and ETH recorded lower trading volumes of $339 million and $225 million, respectively. 

https://twitter.com/WuBlockchain/status/1863440230357094748

The current performance of XRP marks a recovery from its lowest point during the U.S. Securities and Exchange Commission (SEC) lawsuit period when its price fell to $0.1037. The ongoing legal challenges have not hindered the cryptocurrency’s ability to attract investor confidence and market interest. 

Market Rankings and Achievements

 XRP recorded a sharp price increase of 23.2% in a single intraday, exceeding the $2 mark before standing at $2.33. This surge has driven its total market value to $132.8 billion, exceeding SOL.

According to CoinMarket Cap, the price movement shows consistent upward momentum, reaching a peak of $2.45 at the time of writing. XRP’s fully diluted valuation (FDV) totals $244.07 billion. The volume-to-market cap ratio was recorded at 20.98%, emphasizing heightened trading activity within the analyzed period.

Source: CoinMarket cap

With its latest gains, XRP has picked its place as one of the top three cryptocurrencies by market value. This milestone underscores its competitive position in a market heavily dominated by Bitcoin and Ethereum. Additionally, the cryptocurrency’s ability to outperform Solana and USDT in market capitalization reflects its robust market performance amid fluctuating conditions.

The post XRP’s Trading Volume on Upbit Hits $3.69 Billion, Outperforming BTC and ETH Volumes appeared first on Crypto News Land.

XRP surged 6%, surpassing $1.85 and reaching a $107 billion market cap.

Whale accumulation and legal clarity fueled bullish momentum, testing resistance at $2.

Strong adoption and institutional interest could sustain growth despite overbought conditions and profit-taking risks.

Ripple’s XRP has surged 6% today, surpassing $1.85 and reaching a market cap of $107 billion. This dramatic rise has left investors questioning whether a bull run is near or if the momentum will fade. The rapid climb has sparked excitement, but challenges remain as traders watch critical price levels. Will XRP conquer the $2 barrier, or is a pullback looming?

https://twitter.com/ChartingGuy/status/1863010392684773582?t=7RBaUWVaid2taLzwDHabhg&s=19 What Driving XRP’s Massive Price Spike?

XRP’s rally stems from growing investor confidence and intensified trading activity. Whales appear to be accumulating, driving prices higher with heavy volumes. Recent legal clarity from Ripple’s partial SEC victory likely fueled bullish sentiment.

The cryptocurrency’s climb coincides with a broader market rally. Support around $1.75 has held firm, creating a strong foundation for this upward momentum. However, resistance at $2 stands as a psychological and technical barrier that traders must overcome. Technical indicators paint a mixed picture.

The RSI has reached 84.49, signaling overbought conditions and suggesting potential profit-taking. Yet, the On-Balance Volume, now at 9.85 billion, reflects sustained demand and institutional interest. This battle between buying pressure and overextension will determine XRP’s next move.

Can XRP Break $2 or Is a Correction Coming?

XRP has a history of explosive growth. In 2017, the cryptocurrency skyrocketed by over 36,000%. Another rally in late 2021 further cemented its reputation for massive price swings. The current surge shows similar momentum, but new factors like regulatory clarity and real-world adoption could drive a more sustainable rise.

The $2 level represents more than resistance. Breaking through could spark another wave of bullish activity, while failure to do so may lead to consolidation near $1.75. Institutional buyers and whale accumulation suggest strong interest, but momentum alone may not sustain the rally.

Ripple’s adoption in cross-border payments adds a layer of optimism. The cryptocurrency’s utility in financial systems could provide lasting value, unlike previous speculative cycles. However, traders remain divided, with some predicting further gains and others bracing for a cooldown.

The post Ripple (XRP) Surges 6%, Hits $107B Market Cap – Is $2 Within Reach? appeared first on Crypto News Land.

The US Securities and Exchange Commission (SEC) has taken legal action against Touzi Capital LLC, a cryptocurrency mining company, and its managing member Eng Taing for multiple violations of securities laws. The SEC alleges that the defendants deceived investors and misused funds amounting to $115 million. According to the SEC, Taing and Touzi Capital offered unregistered securities to investors in the form of digital asset mining investment shares between 2021 and early 2023, raising around $95 million from over 1,200 investors. The funds were mismanaged, diverted to unrelated businesses, or used for personal expenses. Additionally, the defendants provided false information about the profitability of the mining operations, which faced challenges such as fluctuating energy costs and equipment issues. The SEC also accuses them of misleading investors about the safety and nature of the investments. The lawsuit seeks penalties, including a permanent injunction, disgorgement of profits, civil fines, and potential bans on Eng Taing from similar activities. Read more AI-generated news on: https://app.chaingpt.org/news

The US Securities and Exchange Commission (SEC) has taken legal action against Touzi Capital LLC, a cryptocurrency mining company, and its managing member Eng Taing for multiple violations of securities laws. The SEC alleges that the defendants deceived investors and misused funds amounting to $115 million. According to the SEC, Taing and Touzi Capital offered unregistered securities to investors in the form of digital asset mining investment shares between 2021 and early 2023, raising around $95 million from over 1,200 investors. The funds were mismanaged, diverted to unrelated businesses, or used for personal expenses. Additionally, the defendants provided false information about the profitability of the mining operations, which faced challenges such as fluctuating energy costs and equipment issues. The SEC also accuses them of misleading investors about the safety and nature of the investments. The lawsuit seeks penalties, including a permanent injunction, disgorgement of profits, civil fines, and potential bans on Eng Taing from similar activities. Read more AI-generated news on: https://app.chaingpt.org/news

Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) has been one of the most high-profile cases in…

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