$XRP pumps 50% in 7 days, surpasses Solana marketcap: $10 price is coming?

$XRP pumps 50% in 7 days: The current trading price of XRP, the native cryptocurrency of the XRP Ledger (XRPL), has reached $2.24. Reflecting an 18% surge in the past 24 hours and a remarkable 50% increase over the last seven days 20 Most Expensive NFT Sales in History.

🚀 Current Price Update:
The price jump has fueled enthusiasm among XRP supporters, many of whom have raised their price predictions for the token from $10 to an ambitious $100. “I was predicting $10 by the end of 202 $100 now seems more likely,” noted one prominent crypto enthusiast on Twitter.

XRP Climbs Market Cap Rankings

With a market valuation of $123 billion, XRP has surpassed Solana (SOL) to become the 4th largest cryptocurrency. Analysts believe XRP may reclaim the 3rd spot by the end of December.

🚨 Breaking News:
XRP’s sudden price surge is attributed to growing speculation about Ripple’s stablecoin ($RLUSD) gaining regulatory approval from New York financial authorities. Ripple is also reportedly nearing a resolution in its legal battle with the SEC, as SEC Chair Gary Gensler has announced his departure by January 2025.

Ripple’s Stablecoin Hype:
Ripple’s $RLUSD is fueling market excitement, with expectations of regulatory approval driving the recent price action.

Cardano’s Charles Hoskinson on Stablecoins in Wyoming

Amid the stablecoin buzz, Cardano founder Charles Hoskinson emphasized that certain jurisdictions. Including Wyoming, does not permit crypto networks to support stablecoins. Due to market size and regulatory constraints, this restriction applies to XRP, Bitcoin, Cardano, and several others.

Hoskinson stated:

“XRP and many other crypto networks can’t support a stablecoin under Wyoming regulations.” The cryptocurrency market continues to experience dynamics. Shifts as Ripple’s advancements and regulatory changes unfold.

Conclusion

XRP’s recent price surge and its rise in market rankings reflect growing investor optimism driven by Ripple’s advancements, including the anticipated launch of its stablecoin $RLUSD and progress in resolving its legal battle with the SEC. These developments signify a pivotal moment for XRP. Reinforcing its potential for broader adoption and market influence. However, challenges like jurisdictional restrictions on stablecoins in regions such as Wyoming highlight the need for continued navigation of regulatory landscapes. As the year $XRP pumps 50% in 7 days progresses. XRP’s trajectory will depend on regulatory outcomes, market trends, and Ripple’s strategic innovations.

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