While the price of

The price of XRP surged 30% in the last 24 hours, reaching $1.08, breaking the $1 resistance level that had been in place since December 2021.

Long-suffering Ripple

But what a difference a campaign can make! The cryptocurrency-friendly regulatory environment expected to be introduced by the Trump administration and Congress is the spark that ignited the cryptocurrency wildfire market.

🚨Breaking News: $XRP Above $1.00 for the first time since 2021!nic📈

What is the highest price forecast for XRP in 2024?

Comment below and follow to see more!!👇👇 pic.twitter.com/m090pIEGXx

— Good Morning Crypto (@AbsGMCrypto) November 16, 2024

However, a number of specific developments related to Trump-induced risk themes have benefited XRP.

Factors driving the price increase of XRP include: There is a possibility of making more profits.

When Ripple CEO Brad Garlinghouse tweeted that he was in contact with the Trump administration’s transition team, it certainly helped focus the mind. The news was first reported in the Washington Post on November 11 and then mentioned by Garlinghouse in the X Post the following day.

Chatted with @TonyRomm On how the incoming Trump administration is already actively working with the cryptocurrency industry with clear rules of the road…

What a breath of fresh air! https://t.co/uV5nCRRl1l https://t.co/XZhPZm26qv

— Brad Garlinghouse (@bgarlinghouse) November 12, 2024

Then on Thursday, the chairman of the U.S. Securities and Exchange Commission (SEC) Gary Gensler spoke. Attend the 56th Annual Securities Regulation Institute event hosted by the Practicing Law Institute.

Gensler’s final remarks sounded like a resignation speech. His departure is very important to Ripple. This is because it signals the end of a lawsuit filed against the company for selling unregistered securities, or the successful conclusion of the company.

Before I conclude, I would like to say something about the SEC and its staff. It is a remarkable institution. Our staff and board have a deep mission focused on protecting investors, maintaining fair, orderly and efficient markets, and promoting capital formation.

It has been a great honor to serve with them, to serve our people, and to ensure that our capital markets remain among the best in the world…

I am proud to work alongside my SEC colleagues who work every day to protect American families on the financial highway.

SEC Chairman Gary Gensler

Before the election, many observers of the court case had shifted to the position that a court settlement favorable to Ripple was possible. Now the SEC will drop the case entirely if Gensler leaves.

Trump does not have the power to fire Gensler, but he could remove him from his position as chairman but still remain as one of the five members. It is possible that Gensler will avoid such humiliation and resign.

This appears to have been the signal Gensler gave on Thursday, and the price of XRP exploded higher as seen in the chart below.

XRP price will reach $5 by the end of the year

Barring a downturn in the broader market as the ‘Trump trade’ fades, XRP is starting an upward trend, surpassing its previous all-time high at $3.84 intraday ($3.3 at the close). The token’s year-end target price is $5.

This rise corresponds to a 277% price surge from the current $1.08 level.

It is also worth noting that 13 million XRP was burned three days ago, adding to the overall bullish mood.

Ripple XRP’s cross-border transaction efficiency is its trump card

XRP is a liquidity token primarily focused on financial institutions looking to improve the efficiency of cross-border transactions. Although its use cases have expanded recently, it remains a core competency.

The U.S. cryptocurrency push could mean a bright future for Ripple XRP cross-border payments. If the United States opens up to cryptocurrencies in the way the incoming Trump administration demands, the fundamental business case for XRP will become a truly global proposition.

However, keep in mind that Ripple now has a stablecoin called RLUSD that will also be used for payment solutions alongside XRP under the banner of the Ripple Payments Solutions brand.

Given a clearer regulatory framework, not only will the Treasury participate at the corporate level, which may be interested in using the technology, but sovereign actors may also be interested at the central bank digital currency (CBDC) level.

“Buy everything you can,” US brokerage Alliance Bernstein commented in a note to clients on Monday about the cryptocurrency bull market.

XRP should be in the portfolio of every discerning cryptocurrency investor, as the token has a lot of catching up to do as it shines brightly amidst legal uncertainty. However, a balanced portfolio for diversification should consider a variety of digital assets.

How to Invest XRP – Pepe Unchained Is Ready to Explode

XRP could be one of the breakout stars of this bull market, but it would be remiss not to mention meme coins, which are currently the hottest sector in cryptocurrency.

Here are three things you might want to consider purchasing in an ICO that will give you the best return on your investment:

Pepe Unchained ($PEPU) is the first meme coin with its own Ethereum Layer 2 blockchain. The ICO raised $32 million and will be completed in 27 days, so there’s no time to waste if you want to contribute.

The ecosystem includes Pepe’s Pump Pad, an Ethereum-centric pump that lets you launch meme coins with the literal click of a few buttons.

The project is raising more than $1 million every 24 hours. As this $50,000 purchase proves, whales can’t get enough of $PEPU. The $PEPU token presale price increases every 12 hours and at the time of writing is $0.01286.

Flockerz ($FLOCK) is the ‘national meme coin’. This is the first meme coin operated by token holders through a voting revenue mechanism. Flockerz empowers its community, The Flock, to guide the project by voting on proposals and being rewarded for their participation. Flockerz has raised nearly $2 million and is currently priced at $0.0060289 at its current price level, ending in 12 hours a day.

Crypto All-Stars ($STARS) is a meme coin ecosystem that introduces the innovative concept of integrated staking for meme coins. The MemeVault network allows meme coin fans to stake their tokens, but users must hold $STARS tokens to receive maximum returns.

Crypto investors like what they see. The total pre-sale increase will soon reach $4 million. $STARS is selling for $0.001568 and there is only one day left until the price rises.

You can purchase the pre-sale mentioned above. best wallet app. The wallet’s native token, $BEST, will be sold exclusively to Best Wallet users through a private sale.