XRP News: Price Surges to New All-Time High Amid Ripple Lawsuit Developments

The XRP price has reached a new all-time high of $3.09, marking a significant 33% increase from last week. This milestone comes as the cryptocurrency surpasses the $3 mark for the first time, driven by optimistic developments in the ongoing SEC vs Ripple lawsuit. Recent updates suggest a favorable outcome for Ripple, with the company being fined $125 million in August 2024, a substantial reduction from the SEC's initial $2 billion demand. The appeal process and new developments continue to influence market sentiment, fueling the upward trend in XRP's price.

XRP Price Hits New ATH Amid Ripple Lawsuit Speculation

The XRP price has surged to $3.09, marking a 33% increase from last week. This is the first time XRP has surpassed the $3 mark, and the upward trend shows no signs of stopping. The surge is attributed to developments in the SEC vs Ripple lawsuit, where recent updates seem to favor Ripple. In August 2024, Ripple was fined $125 million, significantly lower than the SEC's initial demand of $2 billion. An appeal was filed, and new developments suggest Ripple may have the upper hand, especially with the potential appointment of a pro-crypto SEC chairman by Trump, who is set to be inaugurated on January 20.

Ripple Price Prediction: XRP Surpasses $3 – How High Can Ripple Go Under Trump?

This article explores the potential impact of Trump's presidency on the cryptocurrency market, particularly Ripple (XRP). With Trump's inauguration approaching, the crypto market has seen a significant rise since his victory in November. The article suggests that Trump's administration could introduce favorable regulations for cryptocurrencies, potentially leading to a new all-time high for XRP, possibly exceeding $3.84 in January. Key changes could include clear crypto regulations that encourage innovation, new laws making cryptocurrencies more attractive, and the possibility of a Bitcoin reserve.

XRP Markets React to Recent SEC Filing, Bullish Momentum Strongest Since January 2018

XRP has surged by 46% this month, reaching seven-year highs above $3. According to data from CoinGecko, the token’s price experienced a 30% uptick in the past week alone, propelling its market cap to over $175 billion, eclipsing financial asset manager BlackRock’s $156.9 billion. Analysts have noted that the token’s recent price performance is its fastest ascent since the altcoin boom of January 2018. Moreover, the relative strength index (RSI) indicator shows XRP’s 14-month RSI at 92, the highest level since October 2017. These indicators show that the token’s momentum since the start of 2024 is its strongest in seven years. The price surge follows the SEC’s January 15 appeal filing with the Second Circuit Court of Appeals. The agency is challenging a previous court decision that favored Ripple, the company behind XRP.

XRP (Ripple) Price Post Trump’s Inauguration: These 3 Things May Unfold Soon

Ripple (XRP) has recently achieved significant milestones, including breaching the $3 mark, and is gaining traction in various domains. Speculations suggest that Ripple is building something substantial, and the upcoming US political regime change could further boost the crypto market, particularly XRP. Once Trump assumes his presidential duties, three key developments are anticipated for Ripple (XRP).