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Bitcoin Bitcoin (BTC) $117,677.77 ↑ 1.25%
Ethereum Ethereum (ETH) $3,759.89 ↑ 1.04%
XRP XRP (XRP) $3.21 ↑ 2.57%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.01%
BNB BNB (BNB) $784.52 ↑ 1.86%
Solana Solana (SOL) $189.59 ↑ 5.04%
USDC USDC (USDC) $1.00 ↓ 0.00%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 3.04%
TRON TRON (TRX) $0.32 ↑ 0.27%
Cardano Cardano (ADA) $0.83 ↑ 2.44%
Hyperliquid Hyperliquid (HYPE) $44.65 ↑ 3.81%
Sui Sui (SUI) $4.05 ↑ 8.65%
Stellar Stellar (XLM) $0.44 ↑ 4.40%
Chainlink Chainlink (LINK) $18.40 ↑ 1.60%
Hedera Hedera (HBAR) $0.27 ↑ 11.07%
Bitcoin Cash Bitcoin Cash (BCH) $554.56 ↑ 1.20%
Avalanche Avalanche (AVAX) $24.30 ↑ 2.58%
Litecoin Litecoin (LTC) $114.05 ↓ -0.62%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 3.70%
UNUS SED LEO UNUS SED LEO (LEO) $8.99 ↑ 0.17%
Toncoin Toncoin (TON) $3.31 ↑ 5.49%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.02%
Uniswap Uniswap (UNI) $10.53 ↑ 0.16%
Polkadot Polkadot (DOT) $4.10 ↑ 1.76%
Monero Monero (XMR) $325.96 ↓ -0.42%
Dai Dai (DAI) $1.00 ↑ 0.01%
Bitget Token Bitget Token (BGB) $4.57 ↑ 1.39%
Pepe Pepe (PEPE) $0.00 ↑ 3.25%
Aave Aave (AAVE) $296.92 ↑ 1.58%
Cronos Cronos (CRO) $0.13 ↑ 2.71%
Bittensor Bittensor (TAO) $428.76 ↑ 2.82%
Ethena Ethena (ENA) $0.59 ↑ 2.84%
NEAR Protocol NEAR Protocol (NEAR) $2.86 ↑ 3.68%
Ethereum Classic Ethereum Classic (ETC) $22.98 ↑ 2.18%
Pi Pi (PI) $0.44 ↑ 0.04%
Ondo Ondo (ONDO) $1.05 ↑ 2.99%
Aptos Aptos (APT) $4.80 ↑ 1.75%
Internet Computer Internet Computer (ICP) $5.65 ↑ 2.04%
OKB OKB (OKB) $48.04 ↑ 0.73%
Bonk Bonk (BONK) $0.00 ↑ 3.17%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 12.20%
Kaspa Kaspa (KAS) $0.10 ↑ 0.68%
Mantle Mantle (MNT) $0.78 ↑ 4.18%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 1.45%
Algorand Algorand (ALGO) $0.27 ↑ 3.26%
Arbitrum Arbitrum (ARB) $0.45 ↑ 2.03%
Render Render (RENDER) $4.27 ↑ 3.90%
VeChain VeChain (VET) $0.03 ↑ 1.41%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.17%
GateToken GateToken (GT) $17.81 ↑ 1.66%
Worldcoin Worldcoin (WLD) $1.16 ↑ 1.54%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.12 ↑ 1.99%
Sky Sky (SKY) $0.09 ↑ 7.62%
Sei Sei (SEI) $0.33 ↑ 2.43%
SPX6900 SPX6900 (SPX) $2.02 ↑ 12.04%
Cosmos Cosmos (ATOM) $4.72 ↑ 0.91%
Filecoin Filecoin (FIL) $2.66 ↑ 1.80%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.73 ↑ 0.05%
Jupiter Jupiter (JUP) $0.56 ↑ 3.79%
Flare Flare (FLR) $0.02 ↑ 4.09%
Story Story (IP) $5.49 ↑ 4.07%
KuCoin Token KuCoin Token (KCS) $11.58 ↓ -4.02%
Quant Quant (QNT) $120.85 ↑ 0.60%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.04%
Injective Injective (INJ) $14.37 ↑ 4.52%
Curve DAO Token Curve DAO Token (CRV) $1.05 ↓ -2.09%
XDC Network XDC Network (XDC) $0.09 ↓ -1.08%
Celestia Celestia (TIA) $1.93 ↑ 1.85%
Fartcoin Fartcoin (FARTCOIN) $1.38 ↑ 1.01%
Four Four (FORM) $3.40 ↑ 0.90%
Stacks Stacks (STX) $0.81 ↑ 3.77%
Optimism Optimism (OP) $0.72 ↑ 0.85%
FLOKI FLOKI (FLOKI) $0.00 ↑ 2.33%
Ethereum Name Service Ethereum Name Service (ENS) $30.32 ↑ 5.48%
Immutable Immutable (IMX) $0.57 ↑ 3.86%
dogwifhat dogwifhat (WIF) $1.08 ↑ 3.11%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.59 ↑ 2.51%
The Graph The Graph (GRT) $0.10 ↑ 1.48%
Kaia Kaia (KAIA) $0.16 ↑ 0.94%
Lido DAO Lido DAO (LDO) $1.09 ↓ -0.41%
Sonic Sonic (S) $0.34 ↑ 0.61%
PancakeSwap PancakeSwap (CAKE) $2.79 ↑ 4.94%
PAX Gold PAX Gold (PAXG) $3,358.22 ↑ 0.10%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 1.91%
Tezos Tezos (XTZ) $0.88 ↑ 0.00%
Conflux Conflux (CFX) $0.18 ↓ -4.07%
Vaulta Vaulta (A) $0.58 ↑ 0.61%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.03%
Theta Network Theta Network (THETA) $0.88 ↑ 2.02%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 1.45%
Nexo Nexo (NEXO) $1.31 ↓ -1.04%
Raydium Raydium (RAY) $3.14 ↑ 4.95%
Tether Gold Tether Gold (XAUt) $3,348.35 ↓ -0.01%
IOTA IOTA (IOTA) $0.21 ↑ 2.59%
Gala Gala (GALA) $0.02 ↑ 1.67%
The Sandbox The Sandbox (SAND) $0.31 ↑ 1.74%
Aerodrome Finance Aerodrome Finance (AERO) $0.91 ↑ 1.32%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 3.48%
Pendle Pendle (PENDLE) $4.49 ↓ -1.11%
Jito Jito (JTO) $1.99 ↑ 0.91%
Bitcoin Bitcoin (BTC) $117,677.77 ↑ 1.25%
Ethereum Ethereum (ETH) $3,759.89 ↑ 1.04%
XRP XRP (XRP) $3.21 ↑ 2.57%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.01%
BNB BNB (BNB) $784.52 ↑ 1.86%
Solana Solana (SOL) $189.59 ↑ 5.04%
USDC USDC (USDC) $1.00 ↓ 0.00%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 3.04%
TRON TRON (TRX) $0.32 ↑ 0.27%
Cardano Cardano (ADA) $0.83 ↑ 2.44%
Hyperliquid Hyperliquid (HYPE) $44.65 ↑ 3.81%
Sui Sui (SUI) $4.05 ↑ 8.65%
Stellar Stellar (XLM) $0.44 ↑ 4.40%
Chainlink Chainlink (LINK) $18.40 ↑ 1.60%
Hedera Hedera (HBAR) $0.27 ↑ 11.07%
Bitcoin Cash Bitcoin Cash (BCH) $554.56 ↑ 1.20%
Avalanche Avalanche (AVAX) $24.30 ↑ 2.58%
Litecoin Litecoin (LTC) $114.05 ↓ -0.62%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 3.70%
UNUS SED LEO UNUS SED LEO (LEO) $8.99 ↑ 0.17%
Toncoin Toncoin (TON) $3.31 ↑ 5.49%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.02%
Uniswap Uniswap (UNI) $10.53 ↑ 0.16%
Polkadot Polkadot (DOT) $4.10 ↑ 1.76%
Monero Monero (XMR) $325.96 ↓ -0.42%
Dai Dai (DAI) $1.00 ↑ 0.01%
Bitget Token Bitget Token (BGB) $4.57 ↑ 1.39%
Pepe Pepe (PEPE) $0.00 ↑ 3.25%
Aave Aave (AAVE) $296.92 ↑ 1.58%
Cronos Cronos (CRO) $0.13 ↑ 2.71%
Bittensor Bittensor (TAO) $428.76 ↑ 2.82%
Ethena Ethena (ENA) $0.59 ↑ 2.84%
NEAR Protocol NEAR Protocol (NEAR) $2.86 ↑ 3.68%
Ethereum Classic Ethereum Classic (ETC) $22.98 ↑ 2.18%
Pi Pi (PI) $0.44 ↑ 0.04%
Ondo Ondo (ONDO) $1.05 ↑ 2.99%
Aptos Aptos (APT) $4.80 ↑ 1.75%
Internet Computer Internet Computer (ICP) $5.65 ↑ 2.04%
OKB OKB (OKB) $48.04 ↑ 0.73%
Bonk Bonk (BONK) $0.00 ↑ 3.17%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 12.20%
Kaspa Kaspa (KAS) $0.10 ↑ 0.68%
Mantle Mantle (MNT) $0.78 ↑ 4.18%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 1.45%
Algorand Algorand (ALGO) $0.27 ↑ 3.26%
Arbitrum Arbitrum (ARB) $0.45 ↑ 2.03%
Render Render (RENDER) $4.27 ↑ 3.90%
VeChain VeChain (VET) $0.03 ↑ 1.41%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.17%
GateToken GateToken (GT) $17.81 ↑ 1.66%
Worldcoin Worldcoin (WLD) $1.16 ↑ 1.54%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.12 ↑ 1.99%
Sky Sky (SKY) $0.09 ↑ 7.62%
Sei Sei (SEI) $0.33 ↑ 2.43%
SPX6900 SPX6900 (SPX) $2.02 ↑ 12.04%
Cosmos Cosmos (ATOM) $4.72 ↑ 0.91%
Filecoin Filecoin (FIL) $2.66 ↑ 1.80%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.73 ↑ 0.05%
Jupiter Jupiter (JUP) $0.56 ↑ 3.79%
Flare Flare (FLR) $0.02 ↑ 4.09%
Story Story (IP) $5.49 ↑ 4.07%
KuCoin Token KuCoin Token (KCS) $11.58 ↓ -4.02%
Quant Quant (QNT) $120.85 ↑ 0.60%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.04%
Injective Injective (INJ) $14.37 ↑ 4.52%
Curve DAO Token Curve DAO Token (CRV) $1.05 ↓ -2.09%
XDC Network XDC Network (XDC) $0.09 ↓ -1.08%
Celestia Celestia (TIA) $1.93 ↑ 1.85%
Fartcoin Fartcoin (FARTCOIN) $1.38 ↑ 1.01%
Four Four (FORM) $3.40 ↑ 0.90%
Stacks Stacks (STX) $0.81 ↑ 3.77%
Optimism Optimism (OP) $0.72 ↑ 0.85%
FLOKI FLOKI (FLOKI) $0.00 ↑ 2.33%
Ethereum Name Service Ethereum Name Service (ENS) $30.32 ↑ 5.48%
Immutable Immutable (IMX) $0.57 ↑ 3.86%
dogwifhat dogwifhat (WIF) $1.08 ↑ 3.11%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.59 ↑ 2.51%
The Graph The Graph (GRT) $0.10 ↑ 1.48%
Kaia Kaia (KAIA) $0.16 ↑ 0.94%
Lido DAO Lido DAO (LDO) $1.09 ↓ -0.41%
Sonic Sonic (S) $0.34 ↑ 0.61%
PancakeSwap PancakeSwap (CAKE) $2.79 ↑ 4.94%
PAX Gold PAX Gold (PAXG) $3,358.22 ↑ 0.10%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 1.91%
Tezos Tezos (XTZ) $0.88 ↑ 0.00%
Conflux Conflux (CFX) $0.18 ↓ -4.07%
Vaulta Vaulta (A) $0.58 ↑ 0.61%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.03%
Theta Network Theta Network (THETA) $0.88 ↑ 2.02%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 1.45%
Nexo Nexo (NEXO) $1.31 ↓ -1.04%
Raydium Raydium (RAY) $3.14 ↑ 4.95%
Tether Gold Tether Gold (XAUt) $3,348.35 ↓ -0.01%
IOTA IOTA (IOTA) $0.21 ↑ 2.59%
Gala Gala (GALA) $0.02 ↑ 1.67%
The Sandbox The Sandbox (SAND) $0.31 ↑ 1.74%
Aerodrome Finance Aerodrome Finance (AERO) $0.91 ↑ 1.32%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 3.48%
Pendle Pendle (PENDLE) $4.49 ↓ -1.11%
Jito Jito (JTO) $1.99 ↑ 0.91%
Home Cryptocurrency

Why Is Ripple (XRP) Surging to New Highs?

Lois Zaytsaw by Lois Zaytsaw
2 December 2024
in Cryptocurrency, News
Reading Time: 3 mins read
0
Ripple is XRP reaching new price highs. The image includes a glowing XRP logo with price charts showing a

Ripple’s XRP has broken past $2, achieving its highest price since 2018 and pushing its market capitalization beyond $100 billion. This impressive rally is fueled by Ripple’s strategic moves, including the anticipated launch of its RLUSD stablecoin, and renewed optimism surrounding its long-standing legal battle with the SEC.

Qubetics is 728x90 1 3

Table of Contents

Toggle
  • RLUSD Stablecoin: A Game-Changing Development
    • YOU MAY BE INTERESTED
    • Fumbled the Turbo Bag? MoonBull Whitelist Is Filling Fast: This One’s Built for 100x Crypto Hunters
    • Stage 14 Ignites 9.96% Jump: Troller Cat Presale at $0.00009667—Best Crypto to Explode in 2025 as SPX6900 Slides and Fartcoin Jumps
  • SEC Case: Optimism on the Horizon
  • Technical Analysis: Indicators Support Bullish Momentum
  • What’s Next for XRP?

RLUSD Stablecoin: A Game-Changing Development

One of the most significant catalysts for XRP’s price surge is Ripple’s forthcoming RLUSD stablecoin. Ripple is reportedly close to securing approval from the New York Department of Financial Services (NYDFS), as noted by Fox Business. If granted, this could enable Ripple to deepen its integration into the traditional banking system, offering a competitive edge in the stablecoin market currently dominated by giants like Tether (USDT) and Circle (USDC).

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The introduction of RLUSD is expected to enhance Ripple’s ecosystem, driving up demand for XRP by increasing its utility. By creating a stablecoin that bridges traditional finance with blockchain technology, Ripple aims to establish itself as a major player in global payments. Analysts believe RLUSD could accelerate institutional and retail adoption, further bolstering XRP’s bullish momentum.

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SEC Case: Optimism on the Horizon

Ripple’s protracted legal battle with the SEC has been a significant hurdle for XRP. However, recent developments have sparked optimism. SEC Chair Gary Gensler’s announcement of his resignation in January has fueled speculation that the regulatory body’s approach might soften.

representing Ripple is XRP at its 2 price milestone. The image features a glowing XRP logo bullish pric

Legal experts suggest that Gensler’s departure could pave the way for settlements in ongoing cases, including Ripple’s. A resolution in Ripple’s favor could alleviate regulatory pressure on XRP, enhancing its market position and fostering investor confidence.

Technical Analysis: Indicators Support Bullish Momentum

XRP’s recent price action is underpinned by strong technical indicators. The RSI (Relative Strength Index) currently sits at 93.89, reflecting robust buying interest. Meanwhile, the MACD (Moving Average Convergence Divergence) confirms upward momentum, and volatility remains moderate at 7.75%.

Trading above the key support level of $2, XRP shows potential for further gains. Analysts predict that sustained buying pressure could propel the token toward new all-time highs in the coming months.

What’s Next for XRP?

Ripple’s dual focus on legal victories and technological innovation positions XRP for continued growth. The upcoming launch of RLUSD and the positive outlook on the SEC case suggest that XRP’s rally might just be getting started.

Today’s surge highlights that XRP is more than a cryptocurrency—it is a tool that could redefine the future of global finance. For Ripple and XRP, this could mark the beginning of a transformative era.

Tags: crypto rallyRipple XRPrlusd stablecoinSEC caseXRP price surge
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Lois Zaytsaw

Lois Zaytsaw

Content Editor, News Meet Lois, a dynamic Crypto, Blockchain, and Finance Writer/Journalist based in the bustling metropolis of New York City. With a passion for technology and a keen understanding of finance, Lois has been covering the latest developments in the world of cryptocurrency and blockchain for several years. Her insightful articles have been featured in numerous leading publications, including The Wall Street Journal, Bloomberg, and CryptoBriefing. Lois' fascination with blockchain and cryptocurrency began during her time as a student at university, where she studied economics and computer science. She was drawn to the disruptive potential of blockchain technology to revolutionize the traditional financial industry, and since then, she has been following the latest trends and innovations in the space.

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