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XRP's current price is $1.55043, with a 12.87% increase in the last 24 hours and a market cap of $88.37 billion. Here are some key updates:
*Market Updates*
- 24-hour trading volume: $19.22 billion
- Circulating supply: 57 billion
- All-time high: $3.84194
*High Impact News*
- Speculation over SEC Chairman Gary Gensler's resignation is driving XRP's price surge, with investors hopeful of a more favorable regulatory environment under the incoming Trump administration.
- Regulatory tailwinds under the Trump administration are expected to boost investor sentiment.
- Increased whale activity, with wallets containing at least 1 million XRP accumulating a total of 45.61 billion tokens, the highest amount since June 2018.
- Technical breakout from a six-year-long symmetrical triangle pattern signals a potential end to the prolonged downtrend.
*Price Predictions*
- Some analysts predict XRP's price could reach $8 due to the perfect storm of regulatory optimism, increased whale activity, and a decisive technical breakout.