🔍 Price action:
📈 For a long time, the price of XRP stabilized between $0.5 and $0.6, but it saw a huge jump that exceeded $1, coinciding with the election of Donald Trump and the rise of #Bitcoin.
🌟 The biggest impact:
📢 The news about SEC Chairman Gary Gensler had a clear impact on XRP’s rise. Yesterday, he announced his intention to resign from his position by January 20, 2025, which led to the coin’s price rising to over $1.4. 💥📊
🤝 The role of society and the company:
💪 XRP has a strong and supportive community similar to what we see with LUNC. With the continued support from the XRP community and Ripple, the currency is expected to grow in popularity. 🌐📈
🥇 Competition:
⚔️ XRP faces strong competition, especially from coins like ADA and Solana, all of which are considered potential options for exchange-traded funds (ETFs) after Ethereum ETFs.
❓ The most important question:
🤔 What coin might feature in the next ETF?
✨ Will XRP be the clear choice, or will the competition take a different direction?
