XRP Surges 25% amid SEC Leadership Change and ETF Optimism
During the time of Gensler, the SEC was generally perceived as being hostile to the crypto industry.
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During the time of Gensler, the SEC was generally perceived as being hostile to the crypto industry.
WisdomTree’s XRP ETP offers secure and cost-efficient investment, fully backed by XRP, with assets stored safely by regulated custodians.
Despite short-term price fluctuations, major XRP whale activity and rumors of a Ripple-Cardano collaboration have led to XRP’s recent 65% rally, reflecting heightened market interest.
The XRP community has been rejoicing the re-election of Donald Trump, who promised to fire current SEC Chair Gary Gensler on the first day of office next year.
SBI Holdings CEO Yoshitaka Kitao indicated that preparations for Ripple’s IPO can begin once its legal battle with the SEC concludes.
Ripple Labs has made strategic moves in the recent past to strengthen the mainstream adoption of XRP despite the legal hurdles emanating from the US SEC.
The studio hopes to use the documentary to enlighten more people about the SEC’s case against Ripple and its implications for the entire crypto sector.
Despite the overall stagnation in XRP price over recent months, there has been some upward movement in the past week.
The ongoing Ripple vs SEC case has significantly weighed down on XRP’s bullish sentiment in the past four years.
Ripple Labs’ XRP Ledger AMM protocol has printed a massive surge in overall transaction volume.
Historical chart patterns for XRP suggest that a significant price breakout could occur within the next few weeks by December 2024, similar to previous surges in 2017 and 2021.
Ripple submits Form C as it cross-appeals in its legal clash with the SEC while XRP trades 2% down in the past day.
Ripple CEO Brad Garlinghouse shared that major banks, including Citi Bank, rejected working with him due to his crypto involvement.
The mainstream adoption of crypto assets in the European market has helped Garanti BBVA to offer diverse products to its growing customer base.
The XRP Ledger has seen a massive spike in adoption as showcased by the unique active addresses surge.