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With the ink barely dry on the 2024 U.S. election results, Ripple CEO Brad Garlinghouse has wasted no time in laying out a bold agenda for President-elect Donald Trump's first 100 days, aimed at reshaping crypto regulation.
The leading canine-themed cryptocurrency, Dogecoin (DOGE), today overtook Ripple-promoted XRP and Circle's USDC stablecoin to become the sixth-most valuable crypto in the world. DOGE's upsurge is fueled by positive sentiment around the crypto's endorsement by tech billionaire Elon Musk following Donald Trump's landslide win in the U.S. Presidential elections.
Ripple's XRP has been a central topic in the crypto space recently, but its progress has been significantly impacted by an ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). In a new interview, Ripple CEO Brad Garlinghouse discussed the challenges facing XRP, the broader crypto industry, and the regulatory environment in the U.S., offering some insights into what the future may hold.
DOGE's run has now taken it to well over $0.24.
DOGE prices zoomed a further 14% on Sunday, pushing the token above XRP to make it the seventh-largest by market capitalization.
The beginning of an alt season rally is suggested by recovery signals displayed by Ethereum, Dogecoin and XRP. Given that Bitcoin's market share recently reached 60% some analysts think this could mark a sea change for altcoins and possibly the beginning of a time when major altcoins outperform Bitcoin in terms of percentage gains.
XRP, the cryptocurrency tied to Ripple, is making waves in the market. Recently, the digital token surged 11%, reaching a price of $0.5740 from its previous value of $0.514.
Recently Shiba Inu has outperformed Ripple's XRP with a remarkable 20% price rally, outpacing XRP's more modest 4% gain. This striking disparity demonstrates SHIB's recent momentum, which has been driven by heightened investor interest and meme coin growth in general.
Dogecoin (DOGE), a dog-themed cryptocurrency, has overtaken XRP in market capitalization following a significant price surge in the past week.
Ripple CEO Brad Garlinghouse recently discussed the future of XRP and the U.S. crypto market on BBC, marking his first mention of the cryptocurrency on the platform. Garlinghouse's appearance comes amid growing anticipation in the crypto community about potential regulatory changes under the presidency of Donald Trump.
Through an X post, Ripple CEO Brad Garlinghouse said there was light at the end of the tunnel for XRP. He thanked the XRP army for its patience and unwavering support.
The dynamic realm of crypto closes yet another week, primarily with attention-nabbing developments unfolding across the broader sector. Bitcoin (BTC) price saw a considerable pump post-U.S. elections, whereas the broader market mirrored immense bullishness in light of Donald Trump's win as the 47th president.
XRP price steady as SEC faces backlash on crypto stance; Trump win adds market optimism.
Ripple and XRP could face a turning point as new pro-crypto regulatory shifts promise renewed hope and potential resolution to years-long legal battles.
Crypto analyst Dark Defender has stated that the XRP price will flip the Ethereum price in this market cycle in terms of market cap. He outlined reasons why this is possible and went on to declare that XRP could take over its crown from Bitcoin.
The crypto market experienced an accelerated bullish momentum in November as Donald Trump won the 47th presidential election in the United States. As Bitcoin price spiked to new high, most major altcoins offered fresh breakouts with investors' hopes surged for a new bull run.
This week in crypto, BeInCrypto unpacks everything from Donald Trump's historic election, its impacts on Bitcoin and SEC Chair Gary Gensler, to new XRP ETF applications amidst institutional support, and a major new upgrade for Cardano.
XRP, the seventh largest cryptocurrency by market cap, has seen an increase in trading volume, hitting $1.47 billion or 2.62 billion XRP, according to CoinMarketCap data. However, though impressive, this represents a mere 7% increase in volume over the last 24 hours.
Blockchain payments firm Ripple Labs has made huge headway in its bid to drive educational initiatives in the blockchain space. In 2018, Ripple launched the University Blockchain Research Initiative (UBRI), which has since advanced blockchain education across the globe.
XRP has faced significant resistance at the $0.55 level over the past six weeks, despite intermittent rallies attempting to push through this barrier. The cryptocurrency has been unable to close above this key resistance point, even as broader market conditions, including Bitcoin's recent all-time highs, have provided a favorable environment for many assets in the crypto market.
Ripple is exploring the possibility of launching a Dirham-backed stablecoin in the UAE, fueled by the country's forward-thinking stance on digital asset regulation.
Bulls are not giving up even on the weekend, according to CoinStats.
XRP is seeing big gains over the past few days, developed by the digital payment network Ripple. It's currently valued at around $11 billion and is trying to go mainstream by launching its own ETF. However, it's currently entangled in a long-standing case with the SEC, which seems to be blocking the launch.
This week, we examine Ethereum, Ripple, Cardano, Solana, and Dogecoin in greater detail. Ethereum (ETH) Ethereum concludes a strong week with an impressive 21% price increase which brings it above $3,000.
