XRP Price Hits $2.38 After 25% Surge in 24 Hours

XRP has experienced a substantial price surge, climbing 25% to reach $2.38 within just 24 hours.  The price is seen increasing rapidly since the past one week resulting in almost doubling the price.

Over the past seven days, XRP has experienced a remarkable price surge of over 90%. Starting at $1.25 on November 25, 2024, it steadily climbed to $2.38 by December 2, 2024. This impressive increase has been driven by positive market sentiment, regulatory deve

Factors Driving the XRP Price Surge

The main reason for the price surge is the news that the U.S. Securities and Exchange Commission (SEC) is likely to drop its appeal in the Ripple lawsuit.

Former CFTC Chairman Chris Giancarlo and pro-XRP lawyers believe that the new SEC chair, expected to be appointed after Gary Gensler’s resignation on January 20, 2025, will drop the case. This move is seen as a potential game-changer for XRP, with the cryptocurrency community reacting positively to the news.

Several factors have contributed to XRP’s recent price surge. Key among them is the growing institutional interest and favorable regulatory developments. The recent legal clarity surrounding XRP’s status has boosted investor confidence, increasing trading volumes and heightened market activity.

Ripple @Ripple staying hush atm not to Jinx anything, if all goes as planned MOONDAY will be re-written as XRPDAY #Ripple Labs and United States Securities commission to approve Settlement of #XRP Lawsuit by Dec 2nd.#SEC $XRP #USA $USA $Ripple #bullish #bullrun #USDT #Crypto pic.twitter.com/7OCRg7rRMm

— Blockchain Haus (@BlockchainHaus) December 2, 2024

In the past 24 hours, several other cryptocurrencies have experienced substantial price surges. Elonomics has seen an extraordinary increase of 872.71%, now priced at $35.41.

BitBall has also surged by 707.97%, reaching $0.006399. Aqua Pig has risen by 689.25%, now valued at $0.000000000014. Gravitoken has climbed by 263.75%, priced at $0.02383.

Lastly, CONTRACOIN has gained 237.84%, now at $0.2553.

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