XRP has climbed once again to the third position in the crypto market.
The altcoin is expected to benefit greatly under the Donald Trump administration.
Analyst Tony Severino showed that a $13 price tag is possible for XRP by cycle end.
XRP has reclaimed its position as the third-largest cryptocurrency, trading at $2.41 with a 2.42% increase over the past 24 hours. Its market capitalization has surged to $138 billion. XRP briefly reached a daily high of $2.47 but encountered resistance at $2.5, a key level it has struggled to surpass.
According to CoinMarketCap data, XRP’s all-time high of $3.84 occurred seven years ago. Since then, it has failed to break above $3, which remains another resistance point for the altcoin. However, the $2 price level acts as significant support, providing stability during market corrections.
Ripple vs. SEC: A Battle That Shapes XRP’s Future
XRP’s price stagnation before 2024 is largely attributed to Ripple’s ongoing legal dispute with the United States Securities and Exchange Commission (SEC). The SEC alleges that Ripple’s sale of XRP tokens to investors violated U.S. securities laws.
With the pro-crypto Trump admin…
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