XRP Coin surpassed $3.3, a level it hadn’t reached in years. Recent news has accelerated this rise, signifying an increasing interest in XRP Coin.
XRP Coin’s Rapid Ascent
When Gensler announced his resignation date, XRP Coin initiated a rapid surge. Its previous lack of response to market dips indicated a preparation for greater gains. Today, XRP has seen an increase of over 20%, surpassing $0.33. Although its all-time high (ATH) was recorded at $3.8 in January 2018, many sources argue that the current price is higher than the peak seen in 2017. CMC data may have discrepancies.
In the last quarter, XRP Coin has experienced close to 500% growth, benefiting from the culmination of its long-standing SEC struggle, especially following Trump’s electoral victory. Additionally, Trump has shown interest in a reserve idea involving tokens from U.S.-based cryptocurrency firms. Just as PNUT became a favorite in elections, XRP Coin has emerged as a prominent asset as regulatory pressures on cryptocurrencies are expected to ease, and many believe this is imminent.
Increased Interest in XRP Coin
Open positions in futures trading are rising for XRP Coin. By Monday, Trump is expected to issue decrees related to cryptocurrencies, and the new crypto-friendly SEC administration is anticipated to conclude non-fraud related crypto cases shortly. All these developments suggest that further increases are merely a matter of time.
The open positions in futures trading have seen an increase of nearly 23%, approaching $7.7 billion for XRP Coin. With significant market share and experience in payment services, Ripple’s endeavors, supported by Trump, may pave the way for even more growth this year.
Moreover, the launch of essential products like RLUSD will broaden the functionality of the XRP Ledger network, while the Ripple 
$2 team is committed to making significant strides in building its ecosystem, akin to its competitors.
