XRP has experienced a significant rally, surging 370% since President-elect Donald Trump’s pro-cryptocurrency stance, outpacing Bitcoin and the broader market.
This has positioned XRP as the third-largest cryptocurrency by market cap, surpassing Solana.
The rally is largely attributed to changing regulatory sentiment. After XRP’s legal battle with the SEC, which ruled it’s not a security when sold to individual investors, but is to institutions, market optimism around regulatory clarity has grown.
Analysts, including Matt Hougan of Bitwise Asset Management, believe XRP is benefiting most from this shift.
Ripple, the company behind XRP, has used the token for cross-border payments, though it’s faced skepticism over its real-world use.
Despite criticisms of its lack of adoption in business applications, XRP’s low-energy consensus mechanism and enduring community interest give it a competitive edge over more energy-intensive cryptocurrencies like Bitcoin and Ethereum.
XRP’s unique features, combined with the ongoing regulatory evolution, leave it well-positioned for continued relevance in the crypto space.
As Bitcoin enters a new on-chain trend phase, two altcoins are standing out for their growing correlation with the leading cryptocurrency and their resilience amid market shakeouts, according to new analysis by Joao Wedson, CEO of analytics firm Alphractal.
Digital asset investment products recorded $1.04 billion in inflows last week, pushing total assets under management (AuM) to a record high of $188 billion, according to the latest report from CoinShares.
The U.S. Securities and Exchange Commission (SEC) is reportedly expediting the review process for spot Solana (SOL) exchange-traded funds, pushing issuers to submit amended S-1 filings by the end of July.
Bonk (BONK) has gone up by 9% in the past 24 hours and currently sits at $0.00002330 after Binance.US shared a cryptic X post that mentioned the token. On Sunday afternoon, the exchange shared a picture of its logo hitting its head with a bat – a clear reference to the viral meme that inspired […]