The post XRP News: What’s Fueling Ripple’s Explosive Price Growth? appeared first on Coinpedia Fintech News
XRP has been making waves lately, hitting a two-year high. Ripple CEO Brad Garlinghouse thinks it’s all about the growing optimism around U.S. regulations. In a recent interview, he shared that the shift in the regulatory climate has sparked a lot of investor confidence. Let’s dive into what’s behind this surge.
XRP’s Rise: U.S. Regulations Are Key
Garlinghouse believes the main reason XRP’s price is climbing is because of the easing regulatory pressure in the U.S. With more crypto-friendly policies emerging. It is giving hope to the U.S. based cryptocurrencies like XRP, Solana (SOL), and Cardano (ADA). The positive vibe around these changes is showing up in the market. In an interview with Fox Business, Ripple CEO said that for years, the crypto industry has been under attack in the US. Finally we have a President who sees opportunity, innovation and entrepreneurship.
He even called President-elect Donald Trump a “crypto president,” praising his support for blockchain. It’s a game-changer for crypto in the U.S., and XRP is clearly benefiting from it.
The SEC and Whale Interest in XRP
Another factor pushing XRP’s price up is the reduction in pressure from the U.S. Securities and Exchange Commission (SEC). Garlinghouse mentioned how the SEC had been holding back crypto growth before. But now that things are cooling down as Trump plans to bring pro-crypto leaders, XRP is seeing big gains.
There’s also a noticeable jump in whale activity. The derivatives market for XRP has increased by 13%, and big transactions, like a $52.8 million move, show that large investors are getting more involved.
What’s Next for XRP?
Right now, XRP is trading around $0.91, but many experts believe it could soon break the $1 mark. Some even think it could reach $1.50. If the positive regulatory climate sticks around, XRP could keep climbing. Its market cap is now at $51.92 billion, and trading volume is up by 25%.
But not everyone’s so sure. About 65% of futures trades are still short, meaning some investors are betting against the rise.
What to Expect?
XRP’s future looks good, but we all know how unpredictable crypto can be. Things are taking a turn for crypto in the US after Trump leads the country. If things stay on track, we could see more growth. But only time will tell.