The post XRP Pumps 18%, $1 is Next Target – Best Altcoin to Buy? appeared on BitcoinEthereumNews.com.

XRP is outpacing the crypto market today with an 18% pump. Holders are unsurprisingly emphatic after months of waiting for this moment. But will it keep pumping, or are other trending altcoins like Crypto All-Stars and Hedera better investments? XRP Price Rallies On Speculation of SEC Chair’s Resignation  The multi-year saga between the SEC and Ripple Labs, the creator of XRP, is finally ending. Ripple Labs won a long-standing lawsuit in 2024, which caused the XRP price to skyrocket. However, some pushback from the SEC caused another correction, and XRP being has been range-bound through recent months. But rumors of SEC Chair Gary Genlser resigning have sparked a new rally. His replacement likely will be more pro-crypto, given President-elect Donald Trump’s positive attitude towards the sector. BREAKING: Just minutes after Gary Gensler released a statement suggesting he may be leaving the SEC, 18 US states have sued the SEC, according to Fox News. These 18 states are accusing the SEC of unconstitutional overreach and unfair persecution of the crypto industry. The suit… pic.twitter.com/mEX3aspteY — The Kobeissi Letter (@KobeissiLetter) November 14, 2024 Currently, XRP is trading at $0.8, up 18% today, 44% this week, and 47% this month. It holds a $45 billion market cap and an $11.26 billion trading volume, which is up 77% today. Interestingly, this comes at a time when the broader crypto market has taken a dip, with the sector’s total valuation down 1.68% today. However, that shows the sigh of relief that XRP investors feel as the threat of the SEC diminishes. Trader Spots Macro Breakout Pattern On XRP Price Chart The XRP price chart is breaking out. Not just short-term but also from a multi-year downtrend. Prominent trader Crypto Michael noticed in July that XRP was preparing to break from a “7-year-long bull pennant.” Typically,…

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Filed under: News - @ November 17, 2024 8:21 am