Donald Trump

<p class="is-style-lead">Ripple’s native cryptocurrency, XRP, became one of the top five cryptocurrencies by market cap for the first time amid bullish industry sentiment.</p> 
<p>At $97 billion, Ripple (<a href="https://crypto.news/price/xrp/" target="_blank">XRP</a>) leapfrogged Binance’s BNB Coin (<a href="https://crypto.news/price/bnb/" target="_blank">BNB</a>) and its $95 billion market cap during a crypto market uptick on Friday, Nov. 29. Ripple rose alongside the total digital asset market rallying to $3.5 trillion, its highest peak yet.</p> 
<p>General market optimism, Ripple’s business expansion, and regulatory tailwinds pushed XRP’s price closer to its all-time high. XRP gained 15.8% in 24 hours and 226% in the last 30 days, trading at $1.70 by publishing time. The token peaked at $3.40 in January 2018.</p> 
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  24-hour XRP price chart – Nov. 29 | Source: <a href="https://crypto.news/price/xrp/" target="_blank">crypto.news</a>
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<p> You might also like: <a rel="" href="https://crypto.news/crypto-etf-issuer-bitwise-rebrands-xrp-etp-with-ripples-backing/"> Crypto ETF issuer Bitwise rebrands XRP ETP with Ripple’s backing </a> </p> 
<h2 class="wp-block-heading" id="ripple-catalysts">Ripple catalysts</h2> 
<p>Bitwise, Canary Funds, Grayscale, and WisdomTree led the charge for a spot XRP exchange-traded fund amid personnel changes at the Securities and Exchange Commission.</p> 
<p>Former SEC commissioner and pro-crypto regulator Paul Atkins was a top candidate to <a rel="" href="https://crypto.news/former-commissioner-paul-atkins-is-top-candidate-for-sec-chair/">replace</a> outgoing crypto-skeptic chair Gary Gensler. After Donald Trump won the presidential election, Gensler announced his resignation effective Jan. 20.</p> 
<p>Furthermore, Ripple featured in a new crop of stablecoin market entrants. The digital payment firm <a href="https://crypto.news/ripple-rolls-out-rlusd-stablecoin-on-uphold-bitstamp-and-bullish/" target="_blank">issued</a> its RLUSD on its XRP Ledger and Ethereum (<a rel="" href="https://crypto.news/price/ethereum/">ETH</a>), the largest decentralized finance ecosystem by user deposits.</p> 
<p>Court triumphs over the SEC and forthcoming crypto-friendly U.S. legislation <a href="https://crypto.news/ripple-prepares-for-sec-policy-shift-amid-trumps-pro-crypto-agenda/" target="_blank">strengthened</a> Ripple’s standing as a digital asset powerhouse. A Southern District Court of New York ruled against the SEC’s argument claiming XRP retail sales broke securities laws. The judge also approved a $250 million fine related to institutional XRP sales.</p> 
<p>However, the SEC may file an appeal, and incoming SEC top officials like Atkins could implement a different approach to agency regulation.<br></p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">A lot of unsolicited advice on here about who should (or shouldn’t) be the next SEC Chair. I trust the transition team to make the right call with these table stakes for crypto in mind:<br>1.End all non-fraud crypto litigation on Day 1.<br>2.Get commitments from Commissioners Uyeda and…</p>— Stuart Alderoty (@s_alderoty) <a href="https://twitter.com/s_alderoty/status/1859598097266925748?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 21, 2024</a>
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<p> Read more: <a rel="" href="https://crypto.news/how-high-can-ripples-xrp-price-get-in-december-2024/"> How high can Ripple’s XRP price get in December 2024? </a> </p>

Ripple’s XRP flips Binance BNB after 16% surge

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