EddieJayonCrypto

 2 Dec 24

tl;dr

XRP, the native token of Ripple's payments system, has surged to become the third-largest cryptocurrency by market capitalization, surpassing Tether. Its value has risen over 71% in the past week and 367% in the last 30 days. Ripple Labs' legal battle with the U.S. SEC, coupled with the impending de...

XRP has surged to become the third-largest cryptocurrency, overtaking Tether, driven by investor optimism amidst regulatory changes. Its value has risen by 71% in the past week and 367% in the last 30 days. Ripple Labs' legal battle with the U.S. SEC and the impending departure of SEC Chairman Gary Gensler have fueled this optimism.


Additionally, other major cryptocurrencies like Cardano, Shibu Inu, and Stellar have seen significant price increases in the last 24 hours. Cardano (ADA) is up about 10%, while Shibu Inu (SHIB) and Stellar (XLM) have risen by 8% and 13% respectively.


This surge in XRP's value and the broader market momentum indicate a shifting landscape in the cryptocurrency realm, marked by both regulatory and market forces.

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 3 Dec 24
 3 Dec 24
 3 Dec 24