The XRP cryptocurrency has demonstrated impressive growth, having gained 25% in the last 24 hours. In two weeks, the token’s value has increased by more than 100%, breaking the $1.11 mark and taking sixth place in market capitalization among all digital assets.
Experts attribute the rapid growth of XRP to several factors. Firstly, Donald Trump’s victory in the US presidential election and rumors of the resignation of SEC Chairman Gary Gensler create optimistic expectations among investors. It is believed that the new administration will be more favorable to the cryptocurrency market and may ease regulatory pressure on XRP.
Secondly, the upcoming launch of the Ripple USD (RLUSD) stablecoin supports positive sentiment. The new asset can expand the XRP ecosystem and attract new investors.
