Hold onto your hats, crypto fans, because XRP has been on an absolute tear, skyrocketing a jaw-dropping 300% over the past month! Ripple's native token is making waves, surging past the $2 mark for the first time since way back in early 2018. It's like XRP has woken up from a long nap and is now sprinting ahead, leaving other cryptos in the dust.
The entire crypto world has been buzzing since Donald Trump pulled off a surprise win in the 2024 US presidential elections. While the market took off like a rocket, XRP initially lagged behind, letting coins like DOGE steal the spotlight. But, oh boy, did things change quickly!
Whispers started circulating that Gary Gensler, the SEC Chair, might step down when Trump takes office. This little rumor was all XRP needed to kickstart an explosive rally. The speculation became reality when Gensler officially announced his departure, and XRP didn't just climb; it shot to the moon!
The token smashed through the $1 barrier, and even though it faced a brief pause at $1.65, the bulls came charging back, pushing XRP up by a staggering 50% in just a week. Earlier today, XRP hit a high note at $2.09, a level it hadn't seen since January 2018!
In the altcoin arena, XRP is the undefeated champion of the month, leaving competitors like Binance Coin and Solana eating its dust. With a market cap of a whopping $116 billion as of now, XRP has claimed its throne as the fourth-largest cryptocurrency. It's breathing down Tether's neck, which holds the third spot with $134 billion.
So, if you haven't been paying attention to XRP, now's the time to catch up, because this crypto is on fire! Keep your eyes peeled, because who knows what heights it might reach next!
