The post XRP Price Breaks $1 – Next 6 Penny Crypto to Hit One Dollar appeared on BitcoinEthereumNews.com.

DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold’s editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please . Amid rejuvenated optimism in the cryptocurrency market and intensifying rumors suggesting a potential meeting between Ripple CEO Brad Garlinghouse and President-elect Donald Trump, XRP pumped 30% on the daily chart to cross the $1 mark – its highest price level since November 2021.  While it had a slow start to the ongoing bull cycle, XRP has finally exploded beyond all expectations, flipping the meme coin king – Dogecoin to break into the top six crypto assets by market cap.  With its price now oscillating between $1.15 and $1.19, XRP ranks top among the best-performing cryptocurrencies over the past day, outperforming even Bitcoin and Ethereum.  Why Is XRP Pumping? While the market-wide bull run has played a crucial role, XRP’s latest surge is not unconnected to a rumor indicating that Garlinghouse met with Trump over plans to reshape crypto policy in the coming year.  The emergence of Trump as the 47th president of the United States has rekindled investors’ confidence in the industry and ignited a massive rally for Bitcoin, pushing it to a peak of $93k. Unsurprisingly, the bull market spurred noticeable gains on altcoins too, with some even breaking their all-time highs.  Meanwhile, ahead of Trump’s return to the White House, analysts foresee legislation that will facilitate the growth of blockchain and digital assets. This possibility could benefit Ripple Labs, which has been engulfed in a fierce legal battle with Gary Gensler-led SEC.  That being said, the rumor of Garlinghouse meeting Trump was first shared on X by Zach Rector. The CEO liked the post though he did not explicitly confirm…

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Filed under: News - @ November 17, 2024 3:11 pm