XRP Hits a New All-time High at $3.39 After Nearly Seven Years 🚀
XRP has reached a new all-time high of $3.39, surpassing its 2018 peak, marking a significant milestone for Ripple's altcoin. This growth is attributed to various factors, including potential pro-crypto regulations under the anticipated Trump administration.
The previously cited all-time high of $3.84 is misleading due to the 'Kimchi Premium,' which inflated prices in South Korean markets. Ripple's CTO David Schwartz clarified that the actual high is between $3.30 and $3.40.
Ripple's legal challenges with the SEC over XRP's security status have impacted its past performance. However, recent developments, such as SEC Chair Gary Gensler's impending resignation and the expected leadership of pro-crypto Paul Atkins, have renewed optimism.
XRP's resurgence is bolstered by significant $100K+ XRP transactions and rising holder numbers. The community remains bullish despite the SEC's appeal of a court decision favoring XRP, expecting regulatory changes to further strengthen the altcoin's position.
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