The cryptocurrency XRP has seen a decline in value recently, dropping 5.6% in the past 24 hours to trade at $2.06. This puts it 46% lower than its all-time high and makes it one of the worst performers among the top 10 cryptocurrencies. However, there are indications that the trend may be improving. XRP's market cap has increased significantly from $28 billion on November 1 to $118 billion at the current price. Analysts also believe there is a bullish divergence that could signal a near-term recovery. If XRP can reclaim its historical market cap ratio relative to Bitcoin, its valuation could rise substantially. There have been various factors contributing to XRP's price volatility over the years, including the SEC lawsuit against Ripple. Despite the higher valuation in the current market, XRP still captures a smaller share of Bitcoin's market cap compared to 2018. Market analysts speculate that if XRP were to reach its 2018 ratio of Bitcoin's market cap, it could see a significant increase in price. The SEC's lawsuit against Ripple remains a key issue for XRP, but the appointment of pro-crypto leadership at the SEC could potentially lead to a settlement or withdrawal of the case, which could boost XRP's momentum.



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