XRP Price Explodes 364% in November, Targeting $4.30 Amid ETF Hype
XRP’s November Surge: A Historic Crypto Comeback
XRP has taken the cryptocurrency world by storm with a 364% price surge in November, reaching $2.43. This remarkable rally is a powerful reminder of XRP’s resilience, as it reclaims its position as the third-largest cryptocurrency by market capitalization.
Over the weekend, XRP gained another 28%, bringing its market cap to $136 billion, surpassing Solana and Tether (USDT). This resurgence is driven by growing optimism around a potential spot XRP exchange-traded fund (ETF) and bullish technical patterns signaling further growth.
ETF Speculation Boosts XRP’s Momentum
The buzz around a spot XRP ETF has added fuel to the rally. Applications from major players like Bitwise, Canary, and 21Shares have heightened investor interest. Regulatory approval of a spot XRP ETF could significantly boost institutional participation, further propelling XRP prices.
Jeremy Hogan, a prominent pro-XRP lawyer, has expressed optimism, predicting that an XRP ETF could receive regulatory approval by mid-2025. If approved, this development would not only validate XRP’s potential but also attract a wave of new investors into the market
XRP’s Journey: From Legal Challenges to Market Leader
XRP’s story is one of resilience and recovery. Once the second-largest cryptocurrency, XRP lost ground due to a lengthy SEC lawsuit, which caused its price to plummet to $0.17. However, Ripple’s legal victories and XRP’s widespread adoption in cross-border payment systems have driven its resurgence.
Today, XRP stands tall as the third-largest cryptocurrency, with a renewed focus on its utility. Attorney John Deaton emphasizes XRP’s early adoption by businesses for its unmatched settlement speeds, which continue to set it apart in the crypto space.
