Ripple’s Momentum Pushes XRP Up 25%, Bolstered by Legal Clarity

The prospects of a crypto-friendly regulatory landscape in the U.S. have ignited excitement around XRP, driving a 25% surge in its price over the last 24 hours. This rally, which began during early Asian trading hours, follows news of SEC Chairman Gary Gensler stepping down in January, reinforcing hopes for a more favorable environment for digital assets.

XRP, tied to Ripple Labs, has seen renewed interest after Ripple’s decisive legal victory against the SEC earlier this year. The token now has a market capitalization of $77 billion and has climbed 65% in a week and 150% in the past month. Market analysts anticipate further upside, with a near-term target of $1.40.

Additionally, Donald Trump’s recent electoral victory and pro-crypto stance have added momentum, with speculation mounting around potential XRP-focused ETFs under a more supportive administration. South Korean exchanges have reported XRP’s trading volumes exceeding even bitcoin, signaling fervent demand.

Futures markets reflect similar enthusiasm, with open interest in XRP contracts surpassing 2 billion tokens (worth over $2 billion), suggesting continued market volatility as traders position for further gains.