The post XRP Rises Amid Harris Crypto Plan, Trump SEC Speculation appeared on BitcoinEthereumNews.com.

On Tuesday, October 15, XRP, Ripple’s native token, experienced a surge, climbing 4.44% to hit a 12-day high of $0.5552. This upward momentum, however, faced a slight pullback, with the token slipping to $0.5404 at the time of writing, marking a 1.31% decline in the past 24 hours. TradingView’s daily chart shows that the token’s recent price movement follows a steep drop that began in late September. The cryptocurrency briefly reached a crucial level of $0.6645 before plunging more than 23% to a low of $0.5071 by October 3. After weeks of downward pressure, XRP appears to be regaining its footing, with this recent rally signaling a potential recovery. BREAKING: #RippleSwell 2024 in Miami is now loading!🌴 pic.twitter.com/cYf5oeofc2 — Ripple (@Ripple) October 15, 2024 Fueling this optimism is the anticipation of Ripple’s upcoming Swell event, an annual gathering hosted by the San Francisco-based blockchain company. Despite the token’s recent boost, it has lagged behind the broader cryptocurrency market, which saw a modest increase of 0.10%, lifting the total market cap to $2.3 trillion. Whether this rally will be sustained remains a question as traders eye both market trends and upcoming developments surrounding Ripple. XRP Rallies Amid Crypto Policy Shake-Up: Harris’s Plan and Trump’s SEC Gambit XRP’s recent price surge follows U.S. Vice President Kamala Harris’s unveiling of her vision for cryptocurrency regulation. In a speech, Harris highlighted the growing participation of Black Americans in the crypto space—over 20% have owned digital assets—while advocating for clear regulatory frameworks. JUST IN: 🇺🇸 Kamala Harris Campaign Makes First Statements On Crypto Policy! “A plan come up with rules for cryptocurrency and other digital assets; more than 20% of Black Americans own or have owned cryptocurrency assets, according to the campaign” — NPR According to the… pic.twitter.com/BHyfa1uqQs — Good Morning Crypto (@AbsGMCrypto) October 14,…

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Filed under: News - @ October 16, 2024 2:28 am