XRP has had quite a journey since hitting its all-time high of $3.84 in early 2018. After that, the price dropped, largely due to the SEC’s lawsuit against Ripple Labs in late 2020, claiming that XRP was sold as an unregistered security. This created a lot of uncertainty around the coin’s future.
While many other cryptocurrencies saw their ups and downs, XRP remained in a long accumulation phase, stuck in a holding pattern as the legal battle dragged on. But now, as we move into 2024, things are looking much more promising. The SEC case is nearing its end, and Ripple has had some key wins in court, which has sparked renewed hope that XRP could finally get the clarity it needs to move forward.
And it’s showing. XRP’s price has recently risen to $1.20, signaling that the market is starting to react positively to the news. With President Trump also voicing more support for crypto, there’s a growing sense that the political environment is becoming more favorable for digital assets.
For me personally, I’m holding onto my XRP and not selling. The recent price bump is encouraging, and with all the developments in play, I believe there’s more to come.
This is not investment advice. Every decision should be made based on your own research and risk tolerance. But if you’re holding XRP like I am, the future might be looking brighter.$XRP