Should have had Turn$ and Rev10 activated.
This week has been pivotal for XRP, with its price surging significantly due to a mix of legal and market developments. The resignation announcement of SEC Chair Gary Gensler, effective in early 2025, created optimism about a potential shift in the regulatory approach toward cryptocurrencies. This has fueled speculation that the SEC might drop its appeal against the Ripple case, which would set a favorable legal precedent for XRP.
The price of XRP saw a sharp 25% rally, reaching around $1.36. This is part of a broader bullish trend in the crypto market, which also saw Bitcoin nearing $99,000 and Ethereum climbing over 9%. The rally is underpinned by heightened investor confidence, partly due to the possibility of pro-crypto leadership at the SEC and growing institutional adoption of cryptocurrencies.
Looking ahead, XRP's performance is expected to benefit from fading regulatory challenges, Bitcoin's upcoming halving, and increasing adoption of blockchain technology for financial settlements. These factors have led to forecasts of continued growth in XRP's value through 2024 and beyond.
