In recent days, #XRP , the cryptocurrency associated with Ripple Labs, has shown significant fluctuations amid expectations of changes in cryptocurrency regulation in the USA. After Donald Trump was elected president of the USA, XRP rose nearly 400% since November 5, reaching $2.43 and becoming the third-largest cryptocurrency by market capitalization after Bitcoin and Ethereum. Investors hope that the new administration will ease cryptocurrency regulations, which could positively impact XRP. Previously, Ripple faced SEC claims for selling unregistered securities and was fined $125 million. The appointment of Paul Atkins, a known opponent of strict cryptocurrency regulation, as head of the SEC has bolstered optimism among XRP holders.
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