$XRP

As of December 28, 2024, XRP is trading at approximately $2.15, reflecting a 0.8% decline from the previous day and a 5% decrease over the past week.

Despite recent downturns, XRP has experienced significant growth throughout 2024, with its value increasing by about 350% since the beginning of the year.

This surge is largely attributed to expectations of cryptocurrency deregulation following the election of President Donald Trump, who has appointed several crypto proponents to key positions, including Paul Atkins to head the Securities and Exchange Commission (SEC).

However, uncertainty remains due to the SEC's ongoing legal battle against Ripple, the company behind XRP. The SEC's appeal in the case is pending, with a deadline approaching on January 15. The outcome of this appeal could significantly impact XRP's price, with potential to drop below $1.50 or rally to $3.55 depending on the result.

In the broader cryptocurrency market, other major cryptocurrencies have also experienced slight declines, with Bitcoin remaining mostly unchanged, Ethereum down 0.3%, and Dogecoin down 0.6%.

Despite these fluctuations, the overall outlook for cryptocurrencies remains optimistic, with expectations of favorable regulatory changes and increased adoption in the coming year.