$XRP Recently reached a new high in many years, according to CoinGecko data, its price surged to $2.79.
In the face of this remarkable rise, Ripple CEO Brad Garlinghouse briefly and enthusiastically greeted the XRP community with a good morning message on social media.
Previously, Garlinghouse commented that the departure of SEC Chairman Gensler would cause "all boats to rise."
Anatoly Yakovenko, co-founder of Son, also recently stated that Ripple's victory in the SEC legal battle is a fatal blow to the SEC's crackdown on cryptocurrencies.
Ripple's Chief Legal Officer Stuart Alderoty also pointed the finger at Gensler, believing that the SEC has "artificially suppressed" cryptocurrency prices.
XRP had long been among the top five cryptocurrencies by market capitalization, but after Ripple was sued by the SEC, it nearly fell out of the top ten by market cap.
This controversial token is now less than 20% away from its all-time high set seven years ago.
According to data provided by cryptocurrency analytics firm CryptoQuant, XRP's "whale" trading activity has also reached a historical high recently.
Meanwhile, the XRP community seems to be in extreme euphoria, with some Ripple members on Reddit forums even speculating without exaggeration whether the token could reach $100.
These signs are reminiscent of the market frenzy during the peak of the 2017 bull market. In early 2018, as XRP's price soared above $3, Ripple co-founder Chris Larsen briefly ranked among the world's wealthy. However, during the bear market of 2018, XRP lost the majority of its value.
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