Ripple Labs’ XRP price surged by 12.77%, contrasting with Bitcoin’s 1.93% increase, solidifying its position as a resilient digital asset.
XRP reached $1.65, its highest level in over five years, amid ongoing legal battles with the SEC, showcasing resilience and investor interest as trading volume rose by 43.36% to $9.74 billion.
While XRP outperformed competitors, other top altcoins like SUI and ETH faced losses, suggesting XRP’s surge is driven by different factors.
AVAX, BNB, and SOL saw slight gains. Expectations of SEC Chair Gensler’s resignation leading to a resolution in Ripple’s legal battle, and forecasts of US government approval for XRP-based ETFs, hint at increasing institutional and investor interest.
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