COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: XRP Surges Nearly 300% in Just One Month
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Ripple (XRP) > XRP Surges Nearly 300% in Just One Month
Ripple (XRP)

XRP Surges Nearly 300% in Just One Month

In Brief

  • XRP experienced a nearly 300% increase in one month.

  • The SEC lawsuit significantly impacted XRP's market performance.

  • Investor confidence has rebuilt following recent legal developments.

İlayda Peker
İlayda Peker 7 months ago
Share
SHARE

A remarkable development has occurred in the cryptocurrency market. XRP, utilized for cross-border payments, experienced an almost 300% value increase within just one month. This rapid growth has propelled XRP to become the fifth-largest cryptocurrency by market capitalization.

Contents
Significant Increase in XRP’s Market ValueImpact of the SEC Lawsuit and Historical Context

Significant Increase in XRP’s Market Value

XRP’s market value has drawn attention due to its striking increase throughout November. According to CoinMarketCap data, XRP’s current market value stands at approximately $110 billion. This value surpasses Binance‘s native asset, BNB, which has a market capitalization of $94.422 billion.

On November 1, XRP traded at $0.491, reaching $1.957 by the end of the month. This shift allowed XRP to achieve a 298% increase within just 30 days. With this surge, XRP surpassed BNB, an essential component of the Binance ecosystem, to secure the fifth position.

Impact of the SEC Lawsuit and Historical Context

The legal battle with the U.S. Securities and Exchange Commission (SEC) has also influenced XRP’s value increase. In December 2020, the SEC filed a lawsuit against Ripple $2, claiming that XRP was sold as an unregistered security. This situation led to significant drops in XRP’s market value.

However, in July 2023, Judge Analisa Torres ruled that Ripple’s sales of XRP in the open market were exempt from being considered securities. This decision marked a significant victory for Ripple. The reduction of legal uncertainties has rebuilt investor confidence.

In recent months, XRP has gained a significant position in terms of market value, approaching Solana $145. Currently, XRP trades at $1.94, nearing the $113.416 billion market value of Solana, known as a rival to Ethereum $2,430.

XRP’s rapid rise has resonated within the cryptocurrency market. The increase in market value and trading volume captivates investor interest. XRP’s future performance is closely monitored within the crypto world.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Ripple Faces Legal Challenge as SEC Dispute Intensifies

XRP Navigates Crucial Resistance and Support Levels

Discover How XRP Executes a Remarkable Number of Transactions Just in One Day

Ripple Nears Legal Victory Shaping XRP’s Future

Ripple and SEC Battle Rages On: What Lies Ahead?

İlayda Peker 1 December, 2024 - 8:14 pm 1 December, 2024 - 8:14 pm
Share This Article
Facebook Twitter
Share
İlayda Peker
By İlayda Peker
Follow:
Uluslararası İlişkiler ve Siyaset Bilimi Mezunu, Kitap sever.
Previous Article The Federal Reserve Lowers Interest Rates to Stimulate Economic Growth
Next Article Rekt Capital Signals Potential for Dogecoin’s Price Surge
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Exciting Developments in Crypto: Powell’s Statements and Chainlink-Mastercard Collaboration
Cryptocurrency News
Discover Exciting Developments in the Crypto Landscape Today
Binance
US Consumer Confidence Report Triggers Positive Moves in Crypto Markets
Economy
Cryptocurrency Markets React to White House Trade Announcements
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?