Following the rise in Bitcoin after Donald Trump won the presidential election, serious rallies began to be seen in altcoins. XRP, which made a big breakout with Gary Gensler's resignation announcement, continued this rally throughout yesterday and tonight. Ripple's cryptocurrency, Solana's$SOL
It then surpassed USDT and took third place after Bitcoin and Ether.
Ripple, which went through a difficult period due to the lawsuit filed by the US Securities and Exchange Commission (SEC) four years ago but successfully overcame this process, has been reborn. The company's cryptocurrency XRP has increased by 70% in the last week and 375% in the last month.
Yesterday, XRP saw the $2.5 level recorded in January 2018 again, rising to the third largest cryptocurrency position after nearly 7 years, leaving Solana and USDT behind. XRP$XRP
Its market value has now reached around $140 billion.
Will there be a record income?
Gary Gensler’s resignation statement and claims that Ripple CEO Brad Garlinghouse will be Donald Trump’s White House advisor on cryptocurrency are among the important factors that triggered the recent rise in XRP. While XRP reached $2.5 yesterday, the record is $3.4, which was seen on January 7, 2018. If XRP experiences a 30% increase, it will break this record and reach a new peak.
Additionally, positive comments have begun to be made regarding ETF applications for XRP. Bitwise, Canary Capital, and 21Shares recently filed XRP ETF applications with the SEC. These developments may lead to similar applications from other companies.
While XRP's market value has reached $139 billion, USDT's market value is $134 billion and Solana's market value is around $110 billion.