A new report on XRP has been released! What are the reasons for the price surge?
The recent price surge of XRP has primarily been driven by positive changes in the legal situation surrounding Ripple and market optimism. After Ripple won several legal decisions related to the lawsuit from the U.S. Securities and Exchange Commission (SEC), many investors began to have more confidence in the future of XRP. This has helped XRP rise nearly 96% in just one week, and the total increase over the past 30 days reached 443%.
Moreover, Donald Trump's victory in the elections has also created expectations for an administration with cryptocurrency-friendly policies, which could improve the legal situation for XRP in the future. The launch of stablecoins and discussions about XRP ETFs have also played a significant role in attracting more investors, further increasing the appeal of this currency.
The persistence and strong belief from the investor community over the years have also contributed significantly to this upward trend, as Raoul Pal acknowledged that he was wrong in his assessment of XRP.