Highlights
- XRP surged over 30% in the past day and broke through $1 resistanceDriven by a favorable shift in the U.S. regulatory environment and expected pro-cryptocurrency policies from the incoming Trump administration.
- speculation surrounding U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler’s possible resignation raises hope for end of Ripple lawsuitwhich may lead to an increase in the price of XRP.
- Analysts expect XRP May reach $5 by the end of 2024equivalent to a 277% increase from current levels.
- In addition to XRP, investors also Look to memecoins like Pepe Unchained, Flockerz, and Crypto All-Stars for potentially high returnsAs these projects develop, pre-sale prices rise steadily.
$XRP Price Climbs to New Highs, Breaking Above $1
XRP price rises, surged 30% in the past 24 hours to $1.08finally breaking above the $1 resistance level it has held since December 2021.
Long-time XRP holders, often referred to as the XRP Army, are reveling in their defense as the so-called “banker’s coin” proves its resilience despite past skepticism.
But it turns out that the new political landscape can change everything. Trump administration and Congress’ expected pro-crypto stance It is expected to ignite a new cryptocurrency bull market.
Key Catalysts Driving XRP Higher
Several recent developments consistent with risk-on sentiment under Trump have fueled a surge in XRP prices.
Ripple CEO Brad Garlinghouse’s announcement to work with the Trump transition team attracted attention after being reported by the Washington Post on November 11.
Garlinghouse referenced this in a social media post the next day.
also, in his speech At the 56th annual Association of Securities Regulators meeting, SEC Chairman Gary Gensler delivered what many considered to be his valedictory remarks.
This shift is very important for Ripple because Gensler’s departure could end SEC legal case A lawsuit was filed against the company over alleged unregistered securities.
Before I wrap up, I want to talk about the SEC and its staff. This is an amazing institution. The staff and committee are mission-driven and focused on protecting investors, maintaining fair, orderly, and efficient markets, and promoting capital formation…
It is an honor to serve alongside them, to serve the people, and to ensure that our capital markets remain the best in the world…
I’m proud to work alongside my colleagues at the SEC who work day in and day out to protect American families on the financial highway.
Ahead of the recent election, legal analysts expected settlement Good for Ripple. Now, with Gensler’s exit, there’s an increased chance that the SEC will drop the case entirely.
Although Trump cannot directly remove Gensler, He could demote him from chairman to full commissioner.
Most analysts expect Gensler to resign. Hints in his latest speech certainly point in that direction, and the resulting market optimism has pushed XRP to new highs, as shown in the chart below.
XRP expected to reach $5 by the end of 2024
While the market may correct as the Trump-fueled rally wanes, XRP appears poised for a bull run that could see it surpass its previous peak of $3.84 (or $3.30 on a daily close basis).
End of 2024 target $5, surge 277% The current price is $1.08.
Additionally, the recent burning of $13 million in XRP tokens also contributed to bullish momentum.
Cross-border payments remain a core strength of $XRP
$XRP is in a strong position Liquidity solutions for financial institutions focusing on cross-border transactions. While $XRP’s broader uses have expanded, this remains the core benefit driving its adoption.
Regulatory shifts in the United States, driven by the incoming administration, could transform XRP into the dominant global payments solution.
Ripple is also expanding the offering of its new stablecoin $RLUSD under the Ripple Payment Solutions brand, which may gain traction among corporate and sovereign users, especially in the context of central bank digital currencies (CBDCs).
Strategic Insights: Bernstein Bullish on Cryptocurrencies
On Monday, U.S. brokerages Alliance Bernstein issued a bullish note to its clients, urging them to “buy everything you can‘ in the crypto space.
While $XRP is likely to perform well, A diversified portfolio should include a range of digital assets to maximize returns.
Exploring High Potential Meme Coins: Pepe Unchained and More
$XRP may be doing great, but Memecoins are the hottest trend in cryptocurrency right now. Here are three meme coins worth considering during the ICO stage for the best returns.
Pepe Unchained ($PEPU)
Pepe Unchained, the first meme coin to have its own Ethereum layer 2 blockchain, has raised $32 million. ICO ends in 27 daysmaking it a limited-time opportunity.
Pepe’s Pump Pad is a key part of the rapidly growing $PEPU ecosystem. This is an Ethereum based platform Users can easily issue meme coins.
The presale price of $PEPU increases every 12 hours and currently stands at $0.01286.
The whale has dived into $PEPU, as Recently purchased $50,000.
FLOCK($FLOCK)
Dubbed “the people’s meme coin,” Flockerz pioneers a vote-earning model where token holders guide project decisions and are rewarded for participation. $FLOCK has raised nearly $2 million and is currently priced at $0.0060289.
There are only 36 hours left in the current price phase.
Cryptocurrency All-Stars ($STARS)
Crypto All-Stars introduces unified staking of Meme coins through the MemeVault network. Investors can stake various meme tokens while holding $STARS to maximize their returns.
The project’s pre-sale amount is US$4 million, and the tokens are sold for a limited time at US$0.001568.
Where to buy?
The mentioned pre-sale can be conducted through the Best Wallet application, which also exclusively offers its native token $BEST to users through a private sale.
Aaron covers crypto topics with a focus on providing an accessible, informative perspective. His background includes over ten years in higher education and over five years of experience as a cryptocurrency and SEO freelance writer. When he’s not writing professionally, Aaron enjoys writing for fun, volunteering for local charities, and boxing.
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