What is happening with $XRP ?

Cryptocurrency XRP from the Ripple project has increased in price by almost 400% since early November 2024. At the time of writing this review, the coin is trading at $2.4. This growth has allowed XRP to break into the top 3 most capitalized cryptocurrencies. The only coins ahead are Bitcoin and Ethereum. For comparison, on November 29, XRP was only in 6th place in the capitalization ranking.

However, the cryptocurrency still failed to update its absolute maximum, which was recorded on January 4, 2018, at a level of $3.84. At the time of writing this review, the coin is trading at 36.37% lower than its peak. It is worth noting that XRP was one of the few coins among the capitalization leaders that did not manage to update its absolute maximum during the bull run of 2021. The fact is that in December 2020, Ripple came under the scrutiny of the U.S. Securities and Exchange Commission (SEC). The regulator saw signs of illegally issued securities in XRP. Amid regulatory pressure, Ripple lost support from some investors. As a result, the coin was unable to update its absolute maximum against the backdrop of the overall growth of the cryptocurrency market.$SOL $PEPE