The current trade price of $XRP coin, the native token of XRP Ledger ($XRPL), is $2.24. This price level has been 18% higher over the last 24-hour period. Notably this price level is 50% high over the last 7 days.
The current trade price of $XRP coin is $2.24 pic.twitter.com/Ui0DvviMwB
— Bitcoinik (@Bitcoinikdotcom) December 1, 2024
Following this significant pump in the trade price of $XRP coin, the majority of the $XRP enthusiasts increased their prediction target from $10 to $100.
$XRP on the move …just hit $2.16making it the 4th largest crypto with a market valuation of $123 Billion surpassing Solana$XRP is on to reclaim 3rd spot by end of December I was predicting $10 end of 2024 but I do thing $100 is more likely Fear of Missing Out is kicking… pic.twitter.com/SNKT2TYwsN
— Paura – the Digital Nomad (@NomadicPaura) December 1, 2024
It is worth it to note that currently, $XRP is 3rd top Cryptocurrency in terms of market cap. Just a couple of hours ago this Cryptocurrency flipped popular Proof-of-stake (PoS) crypto network Solana ($SOL) in this term.
🚨 BREAKING: XRP surpasses Solana in market cap. pic.twitter.com/n7ZlYsij77
— Cointelegraph (@Cointelegraph) December 1, 2024
The sudden increment in the trade price of this Cryptocurrency is fully devoted to the hype around $XRP developer company Ripple’s stablecoin ($RLUSD). As per reports, San Francisco headquartered blockchain firm Ripple may secure regulatory approval in the next few days from New York’s financial regulators to launch $RLUSD.
https://t.co/D0eWfyqrhz#Ripple ($XRP) may soon secure regulatory approval for Ripple Stablecoin ($RLUSD)
— Bitcoinik (@Bitcoinikdotcom) November 30, 2024
Many experts also claimed that Ripple is very near to getting out of the legal dispute with the United States Securities and Exchange Commission (SEC), as the crypto hater SEC chairman Gary Gensler’s departure has been confirmed by 20 Jan 2025.
https://t.co/8QQ2IygBbs#Crypto Hater #SEC Chair Gary #Gensler Indirectly Confirms His Resignation
— Bitcoinik (@Bitcoinikdotcom) November 15, 2024
Cardano founder of Wyoming stablecoin
Amid the increasing popularity of stablecoin adoption & Ripple’s stablecoin launch hype, Cardano founder Charles Hoskinson said that people need to understand that no crypto stablecoin circulation will be possible in the jurisdiction of Wyoming state.Hoskinson noted that already the commission in Wyoming state, XRP can’t support a stablecoin, even considering letting them bid. Same condition is applicable for Bitcoin, ICP, Algorand, Cardano, Hashgraph, Tezos, Aptos, Holochain, IOTA, and thousands of other crypto networks.
But remember that according to the commission in Wyoming, XRP can't support a stablecoin, nor is a large enough market to justify even considering letting them bid. Same for Bitcoin, ICP, Algorand, Cardano, Hashgraph, Tezos, Aptos, Holochain, IOTA, and thousands of others… https://t.co/DfoIvWSlmg
— Charles Hoskinson (@IOHK_Charles) November 30, 2024
Read also: WazirX Users Boycott Nischal Shetty’s Pi42 Exchange at ‘India Blockchain Week’
