Ripple's XRP has been recognized as a 'convertible virtual currency' by the US Department of Justice Civil Division and FinCEN, solidifying its status as a reputable and trusted cryptocurrency. This comes after XRP faced a lengthy battle with the SEC, which was resolved following Gary Gensler's resignation and the pro-crypto stance of the Trump administration. XRP missed out on previous market pumps due to SEC hindrance, but analysts believe another price surge is imminent, with expectations of a new all-time high around $27.



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