XRP continued to increase until Monday, rising to a price of $2.74— the highest rating recorded since January 2018, and the price has increased more than five times in the last 30 days.
The Ripple-related cryptocurrency began rising after Donald Trump’s election victory last month, but really took off after Securities and Exchange Commission (SEC) Chairman Gary Gensler announced he would . resign effective January 20, 2025.
Gensler led the agency’s attack on crypto companies offering allegedly unregistered securities, including Ripple Labs, whose founders created XRP. With Gensler’s departure, XRP supporters believe that regulatory clarity is coming and that this will open the door to XRP spot exchange traded funds (ETF) and other potential financial offerings.
At the current price of $2.74, XRP is now up 45% over the past 24 hours and 92% over the week, according to data from CoinGeckopushing its 30-day jump to 436%. XRP Continues to Set New Price High Seven Years After I did it for the first time on Saturday.
While all major cryptocurrencies have seen price increases in recent weeks, XRP is now significantly outperforming heavyweight coins like Bitcoin (BTC) and Dogecoin (DOGE). Bitcoin is up 40% over the past 30 days to the current price of $97,180, while Dogecoin has surged 176% over this period to the current price of $0.43.
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