The Underlying Logic of XRP's Recent Surge
XRP, ADA, and HBAR, as established cryptocurrencies for many years, have recently experienced a surge due to several core reasons:
Changes in Regulatory Landscape
The new leadership at the SEC in the U.S. may adopt a more lenient attitude towards the crypto market, bringing positive news for the market.
Political Endorsement
The head of XRP has become an advisor on cryptocurrency policy for Trump, providing high-level endorsement that boosts market confidence.
Legal Victory
XRP won its lawsuit against the SEC, significantly boosting investor confidence and marking a resolution to its legitimacy dispute.
Strong Fundamental Support
XRP has solid business operations and cash flow, with its parent company holding over 10 billion USD in cash reserves, providing ample capacity for price surges and risk resistance.
Improving Market Sentiment
BTC has recently been consolidating and showing an upward trend, with overall market sentiment becoming more optimistic, further driving the rise of quality assets like XRP.