XRP is about to surpass Ethercoin: Is a new king of Cryptocurrency emerging? 🚀🚀
Recently, there have been significant changes in the cryptocurrency market. XRP is very close to surpassing Ethereum by capturing a significant upward trend. So, what factors are behind this growth?
Ripple and SEC litigation:
One of the biggest factors in the rise of XRP is the progress of the lawsuit between Ripple and the SEC. A ruling favorable to Ripple in the lawsuit brought by the SEC against Ripple could bring hope to investors. In particular, the expected departure of Gary Gensler, Chairman of the U.S. Securities and Exchange Commission, and the succession by pro-cryptocurrency government official Paul Atkins, is anticipated to have a positive impact on the price of XRP.
The Trump administration and encryption policy:
Donald Trump's positive attitude towards cryptocurrency, as a re-elected US President, has also played a certain role in the rise of XRP. Trump decided to nominate a cryptocurrency-friendly person as the chairman of the US Securities and Exchange Commission, which brought optimism to the market.
Integration with Cardano:
The recent launch of Ripple's stablecoin RLUSD and the possibility of integrating with the Cardano blockchain have increased people's interest in XRP. Cardano founder Charles Hoskinson announced that he is in talks with Ripple on this issue, which has caused excitement in the XRP community.
Market Data:
XRP has risen 12% in the past 24 hours to $2.84. The stock has risen 24.5% in the past week and 392.5% annually. This increase has pushed the trading volume of XRP over $13 billion.
All these developments indicate that XRP is becoming the new king of the cryptocurrency market. However, investors must be cautious and closely monitor market trends.