Ripple has been battling the SEC over whether to classify #XRP as a security or not. However, the company’s fate appeared sealed under the previous SEC leadership.
With new hopes now rising with new leadership at the agency, it is a popular opinion among industry experts that there will be favorable outcomes for Ripple.
Adding to the optimism is the fact that Ripple also recently locked 770 million XRP tokens, worth around $1 billion, in escrow. This move has once again boosted the confidence of investors, as it tells them of Ripple’s commitment to maintaining market stability and ensuring long-term growth for the XRP token.
$XRP Surges Past $2 amid Bullish Momentum
Expectedly, the recent events — on the legal and market scenes — have meant a notable price rally for XRP. As of this publication, XRP has soared to $2.33, marking a 23.9% gain in just 24 hours. Its weekly and monthly gains are equally as impressive, at 57.3% and 356%, respectively.
Notably, the stellar performance of XRP has now helped it become the third-largest cryptocurrency through market capitalization after displacing Solana and Tether.
#XRPTrends #XRPReclaimsTop3 #binance #ThanksgivingBTCMoves
