XRP is coming from behind and making a strong recovery and capturing the interest of everyone around. It has outshined Solana and Tether to become the third largest coin by market capitalization.
With the market capitalization of $139. 7 billion XRP has now positioned itself in the third position after Bitcoin and Ethereum. It has surged to $2. 46 and the daily volume has surged to a staggering $31. 8 billion.
This isn’t just about big numbers or flashy headlines. It’s a story of resilience. After spending years under the weight of the SEC lawsuit, XRP is proving it’s here to stay. Investors, including the big players, are starting to see its real potential.
So, what’s driving this excitement? A big reason is the news that Gary Gensler is stepping down as SEC Chair. This announcement has sparked fresh hope for fairer regulations and a new chapter for Ripple. There’s a lot to unpack here, and we’ll dive into it in the next segment.
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Gary Gensler’s Resignation and Its Impact on XRP
When the news broke on November 22, 2024, that Gary Gensler was stepping down as SEC Chair, the crypto world lit up. For XRP, this was a big moment. Its price skyrocketed from $1.12 to $2.05 in just a few days. That is a massive 123 percent jump. This was not just a coincidence.
Gensler had always been tough on crypto, and Ripple Labs often found itself in the spotlight for all the wrong reasons. His resignation gave investors a fresh sense of hope. Many started to believe that a new SEC leadership could bring a friendlier approach to crypto.
Relate XRP Becomes Third Largest Crypto, Surpassing Solana and Tether Amid 25% Rally
So what does this mean for XRP in the market now? With its price climbing and trading activity through the roof, confidence in XRP seems stronger than ever. But the numbers always tell the real story. Let us dive into the price, market cap, and trading volume in the next segment to see just how far XRP has come.
XRP Breaking Records and Gaining Momentum
With all the excitement building around XRP, it’s time to dive deeper into what’s really happening in the market. From skyrocketing prices to growing trading volumes, XRP is making waves like never before. Let’s break down its latest performance and what it means for the future.
• Price Growth
XRP’s price has jumped from $1.12 to $2.46 in just a few days. That’s an impressive 123% increase, showing how much excitement and confidence is building around it.
• Market Cap XRP
XRP’s market cap has hit $139.7 billion, putting it ahead of Tether and Solana. It’s now the third-largest cryptocurrency, proving it’s back in the game in a big way.
• Trading Volume
XRP’s daily trading volume has reached $31.8 billion. This huge activity shows that more people, from small investors to big players, are getting in on the action.
• Comparison to Historical Highs
XRP is climbing closer to its 2018 peak when it was the second-biggest crypto. The recent rally has everyone wondering if this token is gearing up to break new records.
XRP’s recent performance has been impressive. Its soaring price and growing market dominance show confidence in the token is stronger than ever. Ripple’s progress and regulatory optimism have put XRP back in the spotlight.
As XRP climbs higher, everyone is watching closely. Is this a new chapter or just the beginning? Time will tell, but for now, XRP is undeniably on a winning streak.
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[Editor’s Note: This article does not represent financial advice. Please do your own research before investing.]
