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XRP's Massive Week: Nearly All-Time High Price, ETF Optimism, and SEC vs. Ripple
It was a wild week for XRP, as the Ripple-linked asset blasted above $3 amid Trump optimism and other developments.
The excitement surrounding Ripple andĀ XRPĀ has been growing since Donald Trump became President-elect in November, signaling a potentially favorable administration for crypto assets.
That excitement crescendoed last week as XRP came within pennies of breaking its all-time high price record from 2018, pushing Rippleās stash of the asset to a staggering sum amid other notable happenings around the crypto company.
Hereās what you need to know from a wild week for Ripple and XRP.
XRP traded around $0.50 in the days leading up to the U.S. elections in November. Since that time the token has grown by more than 500% to a current price of $3.15, all while becoming the third-largest cryptocurrency by market cap, overtaking stablecoin Tether in the process.
Thanks to the surge, the token nearly set a new all-time high, peaking at $3.38 on January 16, just $0.02 shy of itsĀ all-time highĀ of $3.40 set in 2018 per data from CoinGecko.
