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XRP Breaks $1 Mark, Overtakes DOGE in Market Cap

XRP Breaks $1 Mark, Overtakes DOGE in Market Cap

HappyCoinNewsHappyCoinNews2024/11/17 19:55
By:HappyCoinNews

Over the past XNUMX hours kriptovalyuta XRP rose more than 30%, breaking the $1 mark for the first time in three years. The breakthrough capped a rally the asset had been showing all week. During that period, XRP increased in price by 108%.

XRP Breaks $1 Mark, Overtakes DOGE in Market Cap image 0

The course XRP during the week

Thanks to its rapid growth, the asset's market capitalization reached $60 billion. This allowed XRP overtake memcoin Dogecoin (DOGE) and moved from seventh place in the ranking by market capitalization to sixth.

Cryptocurrency experts, including the company's CEO Ripple Brad Garlinghouse, Growth Explained XRP the easing of regulatory pressure following the election of Donald Trump as US president.

According to the head of the issuer XRP Garlinghouse said Trump's crypto-friendly stance has eased tensions between U.S. crypto companies and the U.S. Securities and Exchange Commission, boosting investor confidence in the industry.

If the trend is bullish XRP continues, then the next level of the asset may be the mark of $1,3457. A breakthrough of this level will lead to further growth of the crypto asset to $1,87 and even $2. Some particularly optimistic analysts claim that the rate XRP may exceed $10 in the near future.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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