How much will XRP be worth in USD?
Ripple, one of the largest cryptocurrencies by market cap, is going through a very nice uptrend with a gain of $2.4. The launch of RLUSD was very successful and the trading volume increased significantly. In addition, based on today's drop, it is likely that the news of Chainlink's cooperation with $21.1 will further support the price.
With only a short time left until January 15, it is uncertain whether the SEC will submit the documents required to continue the Ripple case before handing over power. In the next few days, it is likely that Gensler will want to continue the process and we may see this lead to another round of decline.
The price of Bitcoin (BTC) has once again reached a worrying $96,525.2 and experienced a sharp decline. January has remained frustrating for cryptocurrency investors. The investor psychology has been severely worn down since the beginning of 2021, but the real uptrend period has aroused their enthusiasm. So what is the latest situation with PEPE and XRP coins?
However, the situation will change from January 20, provided that Trump does not forget his promises on cryptocurrencies. The new SEC chairman must say one sentence before the end of the month: "We are closing cryptocurrency cases other than scams" and then fireworks can be set off.
The key level is currently $2.35 and the price needs to re-convert to support at $2.38 by closing above this level. A return to the upward range between $2.5 and $2.93 is then possible. At the moment, BTC does not seem to support the optimistic scenario.