CandleFocus XRP Reaches $1 Before Dogecoin and Cardano, What’s Next
2024-11-20
Author: Content Editor
XRP has surged past $1, surpassing Cardano and Dogecoin, leading to discussions about whether it could challenge Ethereum as the second-largest cryptocurrency. XRP's rise came after Ripple CEO Brad Garlinghouse met with President-Elect Donald Trump, triggering speculation of a resolution to the Ripple lawsuit. XRP's market cap would need to grow by over 500% to reach Ethereum's valuation, and several factors such as institutional adoption and regulatory clarity would need to align for XRP to challenge Ethereum. Clarity regarding XRP's classification as a non-security and potential ETF approval could boost XRP's institutional demand. The future price movements of XRP will determine if it can pose a threat to Ethereum's position.
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