Canary

bullish

Read

Avalanche

<figure> 
 <figcaption>
  Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
<p dir="ltr"><a href="https://u.today/xrp-begins-moving-to-2-again">XRP</a>, the digital asset associated with Ripple Labs, has decoupled from Bitcoin (BTC), showcasing remarkable price growth. While BTC increased slightly by 0.40% in the last 24 hours, XRP is up over 10%, demonstrating its independence from the leading cryptocurrency.</p>
<h2 id="xrp-hits-six-year-high">XRP hits six-year high</h2>
<p dir="ltr">According to CoinMarketCap data, XRP was up 10.05% in the last 24 hours to $1.62. This price is a huge achievement for XRP, the highest recorded since 2018.</p>
<img src="https://u.today/sites/default/files/inline-images/XRP_All_graph_coinmarketcap_0.jpeg" data-entity-uuid="5068cf74-3395-4e50-9083-cf2d9fadd327" data-entity-type="file" alt="XRP Price" data-caption="<a href=&quot;https://coinmarketcap.com/currencies/xrp/&quot;>XRP All-Time Price Chart. Source: CoinMarketCap</a>">
<p dir="ltr">It also shows XRP’s resilience despite a broader market price reversal and Ripple's ongoing<a href="https://u.today/ripple-vs-sec-top-lawyer-spotlights-judges-critique-of-agencys-direction">legal challenges</a> with the U.S. Securities and Exchange Commission (SEC).</p>
<p dir="ltr">XRP rose from the previous day's low of $1.44 to reach an intraday high of $1.61 before settling at its current price. The daily trading volume is up 10.6% to $8.4 billion, suggesting investors’ willingness to accumulate the coin.</p>
<p dir="ltr">Meanwhile, the entire crypto market is showing mixed sentiment. For instance, Ethereum (ETH) and SUI prices decreased by 1.6% and 7.03% in the last 24 hours. On the other hand, the prices of Solana (SOL), BNB and Avalanche (AVAX) rose by 2.09%, 0.12% and 1.18%, respectively, within the same time frame.</p>
<h2 id="renewed-optimism-toward-xrp">Renewed optimism toward XRP</h2>
<p dir="ltr">The renewed optimism around XRP follows the potential overhaul of the U.S. crypto regulatory landscape.</p>
<p dir="ltr">The U.S. SEC chair, Gary Gensler, is set to leave office, boosting the community’s hope of coming reforms. With the U.S. SEC led by a more pro-crypto chairman, the long-standing legal battle between Ripple and the SEC could soon conclude.</p>
<p dir="ltr">Additionally, the market is optimistic about the approvals of XRP Exchange-Traded Funds (ETFs) in the U.S. An ETF is anticipated to drive institutional interest for XRP, leading to more bullish price outcomes.</p>
<p dir="ltr">U.Today<a href="https://u.today/major-xrp-etp-goes-through-rebranding">reported</a> that Bitwise recently rebranded its XRP Exchange-Traded Product (ETP) to the Bitwise Physical XRP ETP. Other asset managers like Canary Capital and 21Shares have also made moves for the XRP ETF product.</p> <a href="https://u.today/xrp-decouples-from-bitcoin-hits-6-year-high">Read original article on U.Today</a>

XRP Decouples From Bitcoin, Hits 6-Year High

Table of Contents

U_Today

Other articles published on Nov 29, 2024

Bybit Web3 Celebrates SpaceS Milestone: Over 2.5 Million Members in the TON Ecosystem and Joins T...

Singapore Gulf Bank Plans $50M Fundraising for Stablecoin Payments Acquisition

Is it Too Late to Buy ADA This Bull Run? Cardano Price Prediction

STEPN Apps Community broke TWO GUINNESS WORLD RECORDS™

Ethereum Price Targets $3,911 Multi-Year High as Whale Activity Surges

Can Pepe Coin (PEPE) Flip Shiba Inu (SHIB) with a 9706% Rally? Trader Bets on Underdog at 9 Cents...

Join our free newsletter for daily crypto updates!