XRP has surged to third place in the global crypto rankings after years. The crypto has toppled Solana, BNB, and Tether to claim the spot.
In the past 24 hours alone, XRP has registered a 30% hike. Its weekly performance also shows a growth of 69%, putting the coin at 2.44 dollars. Given its long-running legal feud with the SEC, the news is huge for Ripple.
With its latest jump, XRP has changed the top 10 standings, which look like this now –
The blockchain company has been advocating for a transparent crypto regulatory framework for a long time. Its blockchain solutions and new partnerships are major factors behind the recent surge.
At the time of writing, Ripple’s market cap has jumped to 140 billion dollars. It comfortably beats Tether’s 134 billion dollars and Solana’s 109 billion dollars. However, the coin still pales in front of Ethereum’s 445 billion dollars and Bitcoin’s 1.91 trillion dollar market cap.
Ripple’s downfall started in 2020 after the SEC filed a lawsuit against the company, accusing it of selling XRP as an unregistered security. The legal feud stopped in July 2023 after the court partially resolved XRP’s regulatory uncertainty.
XRP has been slowly gaining value since then, but its true comeback started with Donald Trump’s presidential victory. As a public advocate for crypto, Donald Trump’s win has established a pro-crypto environment globally.
The victory pushed BTC to nearly hit 100k dollars, with XRP following with a massive boost. Experts and crypto holders anticipate a favorable regulatory environment for virtual assets under the new administration.
SEC Chair Gensler will step down on January 20, 2025. Gensler is infamous for his enforced regulation approach, and his departure coincides with Trump’s inauguration.
Given the ongoing crypto market conditions, the latest XRP coin price prediction 2025 sees the coin nearing the 5-dollar mark in the coming months. It can be especially achieved with the new SEC chair’s appointment.
Given the timing, analysts expect more lenient and supportive personnel to replace Gensler. If everything goes right, the SEC might even drop its lawsuit, reinforcing investor optimism. XRP’s surge echoes the overall market’s resurgence, brimming crypto supporters with hope.
