Ripple Rises: XRP’s Journey to the Top Three


For years, Ripple has been entangled in a legal battle with the SEC, which certainly affected the value of the coin. The regulator’s legal actions against the company cast a shadow on the platform and deterred investors from it as is usually the case with assets facing uncertain prospects, despite the coin’s clear potential. But Ripple weathered the storm, and now, XRP is enjoying its long-awaited moment of glory!


The price of the asset surged by 20% in a day. The month’s growth has been considerable – 375%. XRP reached $2.40 per coin. As a result, Ripple took 3rd place in terms of capitalization, displacing Tether from it. And this is a serious victory! 


The surge cannot be solely attributed to the resolution of Ripple’s legal issues. We should consider the broader context as well. The rise also reflects the market dynamics and alt season on the horizon. Liquidity is flowing from Bitcoin to alternative coins, a classic hallmark of altseason. Bitcoin’s dominance is declining. 


Many traders eye the elusive $100,000 milestone as a key selling point. Ripple, meanwhile, is attracting attention as a promising alternative. Its capitalization has soared to $139 billion, signaling that XRP’s momentum is far from over.


Ripple’s revival can be explained by recent speculation about the approval of Ripple’s stablecoin. Also, discussions around a potential Ripple ETF have fueled excitement. 

It breathed new life into the asset.


Besides, XRP is highly demanded in the Asian market, particularly in South Korea. The South Korean government recently froze a capital gains tax on cryptocurrency. It won’t be introduced for 2 years. The news has triggered a surge in speculative activity, and this affected XRP as well.


As you can see, resilience can pay off in the volatile world of crypto. Ripple is back, and it’s making waves. 


#XRP #Ripple

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