CandleFocus XRP jumps above $2, overtakes Solana as 4th largest crypto by market cap
2024-12-01
Author: Content Editor
Ripple's XRP has experienced a surge in price, surpassing $2 and overtaking Solana as the fourth largest cryptocurrency by market capitalization. This is a significant milestone for XRP, considering the legal issues it faced with the SEC in 2020. The price drop resulted in a four-year period where XRP remained in the seventh spot. However, recent events, such as President Donald Trump's win and SEC Chair Gary Gensler's resignation announcement, have contributed to XRP's comeback. Despite the ongoing legal case with the SEC, institutions are showing interest in launching XRP exchange-traded funds (ETFs) in the United States. Furthermore, Trump's plan to transfer crypto regulations to the CFTC indicates a bullish future for XRP.
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