ADA has soared past $0.65, XRP is close to $0.9.

Ripple's (CRYPTO: XRP) rally is increasingly gaining momentum amid whale accumulation and increased optimism from traders. What Happened: XRP surged 22% on Friday, bringing its seven-day gains to 57%.

The cryptocurrency industry is bracing for a potential surge in exchange-traded funds (ETFs) after Donald Trump's election win, signaling what experts believe could be a transformative era for digital assets in the U.S. What Happened: Market participants are hopeful that a pro-crypto Trump administration will end regulatory gridlock and usher in broader approval for innovative crypto-based financial products, according to a Financial Times report. The Securities and Exchange Commission's (SEC) recent approval of spot Bitcoin and Ethereum ETFs marked a significant milestone after years of regulatory pushback.

What is the Ripple Effect? And what is the Ripple Effect on XRP?

After an extended period of consolidation below the $0.60 mark, XRP is signaling a potential breakout, with the token now eyeing the elusive $1 milestone.

XRP, one of the most talked-about cryptocurrencies, has faced a period of lackluster price action, frustrating many investors. Despite trading significantly below its all-time high (ATH), some experts believe that XRP could be on the verge of a dramatic rally that will see it surpass its previous record within weeks.

In the last 24 hours, XRP trading volume has increased by 81%, as the cryptocurrency market faced a sell-off that resulted in nearly $504 million in futures liquidations.

Story Highlights Ripple price reclaims the $0.80 mark for the first time since 14th July 2023. Gary Gensler's resignation sparks price to soar over 30% within hours. Bullish action could push the XRP price toward $1 soon. The XRP price has outperformed the top cryptocurrencies with a meteoric rise in its valuation.

XRP has been experiencing a significant increase in on-chain activity, which has resulted in a recent surge in its popularity. Analysts and investors have expressed interest in the XRP Ledger, Ripple's digital payment platform, due to its increased transaction throughput.

Ripple CEO Brad Garlinghouse has taken to X to comment on Bitwise's recent ETF filing that includes exposure to the XRP token. "XRP, BTC, ETH, SOL — that's the alphabet soup I like to see," Garlinghouse said in his social media post.

XRP the 7th largest cryptocurrency has experienced a whooping surge of around 15% over the last 24 hours, beating the broader crypto market trend. While Bitcoin and Ethereum saw losses of 1.4% and 3.8%, respectively, XRP briefly crossed the $0.80 mark.

The 230-day post-halving period typically signals a drop in Bitcoin dominance, fueling altcoin momentum.

Ripple chief executive officer Brad Garlinghouse has published a tweet in which he made a prediction about the future role of the US for the cryptocurrency industry.

Their holdings have surged to their highest levels since June 2018.

TL;DR XRP surged 15%, reaching $0.84, amid speculation of SEC Chair Gary Gensler's potential resignation and ongoing SEC lawsuits. The price increase is driven by market sentiment and significant whale accumulation, with wallets holding at least 1 million XRP reaching their highest balance in 65 months. Gensler's hinted departure and lawsuits from 18 U.S.

Recently, the cryptocurrency market has been facing challenges, as Bitcoin price decreased by 5% to around $87,000 from its earlier peak of $93,000. This decline has been experienced universally, with altcoins in particular experiencing even more significant drops of up to 20%.

XRP's price action has been the subject of much attention lately, as the cryptocurrency shows signs of a potential trend reversal. The key indicator that has drawn focus is the formation of a “spinning top” candlestick, a pattern often linked with indecision in the market.

This week, we examine Ripple, Cardano, Dogecoin, Shiba Inu, and Sui in greater detail. Ripple (XRP) XRP is quickly approaching $1 and has impressed with a 47% price increase in the past seven days.

XRP has showcased a major boom in the past 24 hours as its price outranked the majority of its peers across the board. At the time of writing, the coin's price has retained a 12.13% uptick to $0.7971.

Check out XRP's next potential targets after hitting a 16-month high.

XRP has been on a pretty impressive run lately, jumping over 40% in the past week and hitting a four-month high of $0.847 on Thursday.

Yesterday, Ripple's (XRP) price soared to the highest level since July 2023 following rumors that US Securities and Exchange Commission (SEC) Chair Gary Gensler could soon resign. This development ensured that the altcoin was the highest gainer out of the top 10 cryptos.

XRP surged over 16% in 24 hours, fueled by regulatory optimism following Donald Trump's election, sparking expectations of a rally to $1. XRP was trading at $0.

XRP skyrockets 17% in just 24 hours, outpacing Bitcoin (BTC) and other major cryptocurrencies.

Ripple Labs has made strategic moves in the recent past to strengthen the mainstream adoption of XRP despite the legal hurdles emanating from the US SEC.

Ripple's native crypto, XRP, turned out to be the biggest gainer among the top 100 cryptos breaching the much awaited $0.80 price level. On the other hand, Bitcoin (BTC) and Dogecoin (DOGE) recorded a drop of over 2% and 7%, respectively, in the last 24 hours.

Gary Gensler's potential resignation as SEC chair has sparked optimism about XRP price performance within the crypto community. The asset outperformed the market over the last 24 hours, surging 15.9% to a $0.8386 daily high before retracing and stabilizing at its current price of $0.7978.

Ripple's XRP token recorded a 20% increase, hitting a high of $0.838 hours after Gary Gensler signaled a potential resignation.

The government agency and the President have unfairly pursued the crypto industry.

At the beginning of this year, the price of XRP was at $0.6295. Right now, it stands at $0.7965, marking a 26.52% growth year-to-date. Meanwhile, the Bitcoin market has experienced a massive growth of 98.13% during the same period. Many top cryptos, including Solana and BNB, have shown strong performance this year.

XRP outperforms crypto market, gaining 15% as potential SEC leadership changes stir optimism. Fundamental and technical factors align for a possible 20% rally this November.

XRP, the seventh-biggest cryptocurrency by market capitalization, hit a new 2024 high of $0.847 on Thursday on the Bitstamp exchange.

Gensler's potential resignation could reshape SEC's crypto stance, possibly easing legal pressures on Ripple and boosting broader market confidence. The post Ripple's XRP token soars 20% to $0.83 after SEC Chair Gary Gensler hints at resignation appeared first on Crypto Briefing.

The crypto prices today have illustrated a set of mixed actions, sparking investor speculations globally. Bitcoin (BTC) price reversed previous gains to rest at $88K, whereas Ethereum (ETH) and Solana (SOL) prices followed.

“We believe that the underlying strength in BTC represents a systematic shift in the market in anticipation of Trump's return to office,” QCP Capital traders said in a Friday broadcast.

XRP price is up over 15% and moving higher above the $0.740 support zone. The price could accelerate higher if it clears the $0.8450 resistance zone.

XRP has encountered resistance at the $0.75 price point for the third time in 12 months, once again failing to break through this key level. The latest rejection occurred on November 13, 2024, when XRP made an impressive rally, climbing back into the $0.70 range.

XRP's soaring NVT ratio raises questions about the sustainability of its price rally, hinting at possible overvaluation.

Shiba Inu (SHIB) has recently seen growth, with its price reaching $0.00003, grabbing renewed interest from the crypto community. However, after a period of upward movement, SHIB faced significant selling pressure, leading to a temporary price drop.

Bullish sentiment is at its peak and crypto market participants are projecting a continued upside for the Dogecoin pice in the coming weeks and months. According to crypto analyst Ash Crypto, the crypto market is going to continue on this run into the next six to twelve months.

XRP rallies 12% as SEC Chair Gensler hints at resignation; could the SEC withdraw its Ripple appeal?

In a new analysis, crypto analyst Dark Defender (@DefendDark) highlights a significant pattern in the daily XRP/USDT chart that suggests a possible sharp rise in the price of XRP. According to his analysis, the XRP price is possibly forming a technical pattern known as a “bull flag” after decisively breaking above the multi-year resistance at $0.6649, a move that has been further substantiated by two consecutive daily closes above this key level.

After consolidating for over a year, Ripple's native token (XRP) has broken out from a bullish price action pattern and is now poised for notable upside momentum. However, XRP experienced this crucial breakout as United States Securities and Exchange Commission (SEC) Chairman Gary Gensler hinted at his resignation.

XRP has been on a bullish streak, experiencing a notable 24.78% price increase in recent days. This surge has pushed XRP into the overbought territory, with the Relative Strength Index (RSI) reaching 79.76, signaling that the upward momentum could continue, but also suggesting caution for potential consolidation or pullback.

Ripple (XRP) failed to impress in the previous bull rally, which peaked in March this year. However, in the current rally, XRP is setting the pace, with holders targeting $10.

Intesa Sanpaolo, Italy's largest bank, is expanding its digital assets desk to include spot trading for cryptocurrencies, having secured the necessary internal approvals and technical setup to enter the market and enhance its blockchain initiatives. The post Italy's Ripple Partner Intesa Sanpaolo Expands Digital Assets Desk for Crypto Spot Trading appeared first on Cryptonews.

XRP price has grown substantially, reaching a six-month high of $0.83, spurred by favorable regulatory developments and heightened investor sentiment. The recent announcement of a potential resignation by SEC Chair Gary Gensler has fueled optimism within the crypto sector.

Ripple and the U.S. Securities and Exchange Commission (SEC) has been closely followed by crypto enthusiasts and investors, with many hoping for a swift resolution. However, recent insights from legal experts suggest that the case might not reach its conclusion until 2025, with a potential shift in the SEC's leadership playing a key role in the timeline.