After Bitcoin failed to break the $100,000 target and experienced a pullback, market funds began to flow into the altcoin sector. Cryptocurrencies like Ethereum and ADA gradually caught up, while the well-established public chain Ripple (XRP) performed particularly outstanding this month. Currently, the price of XRP is $1.71, with an increase of 18% in 24 hours, up 228% in the past month, and a market capitalization exceeding $100 billion, successfully surpassing BNB to become the fourth largest cryptocurrency (excluding stablecoin USDT).
Will regulatory easing drive XRP's explosion?
Although Ripple lags behind Ethereum and Solana in ecological construction and price performance, investor confidence in XRP has significantly increased with changes in the political and regulatory environment in the United States:
Trump's election and improvement of the regulatory environment
After Trump won the U.S. election, he held an open attitude towards cryptocurrencies. The market expects that a friendly policy environment will help crypto projects suppressed by the SEC, including Ripple and other companies entangled with regulators for a long time, to welcome liberation. SEC Chairman Gary Gensler announced that he would resign when Trump takes office in January next year, which also brings optimistic expectations to investors.
Expectations for spot ETFs are rising
Currently, as the enthusiasm for Bitcoin spot ETFs has not waned, the market is also full of expectations for spot ETFs of other cryptocurrencies. SOL, DOGE, XRP, etc. have become focal points, and this trend further drives the market demand for Ripple.
Future trends of XRP
Driven by macro-positive factors, Ripple has performed strongly recently. However, investors still need to pay attention to potential regulatory changes and market volatility risks. In the short term, if friendly policies are gradually implemented, XRP may have further room for growth. At the same time, other altcoin sectors may also welcome performance opportunities amid capital rotation.
The altcoin market is rising, is the next to perform TON?
Recently, the market sectors have been rotating rapidly, and TON's performance may also welcome a critical moment. The landmark event is the court ruling that 'OFAC sanctions on Tornado Cash are illegal,' directly driving TORN to surge over 10 times.
Previously, Tornado Cash caused a huge uproar due to sanctions from the U.S. Treasury's OFAC, leading to the arrest of its founder Alexey Pertsev and developer Roman Storm, causing the project token TORN to plummet at one point. However, with the court ruling based on the 'technical innocence theory' bringing a phased victory to the crypto industry, TORN is showing the potential for a comeback.
It is foreseeable that TORN's 'winter' is over, and 'spring' is about to arrive.
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