Solana

Value

Impact

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/xrp-surges-nearly-300-in-just-one-month/" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP Surges Nearly 300% in Just One Month</a><br></p>
<p style="text-align: justify">A remarkable development has occurred in the <a href="https://en.coin-turk.com/bluntz-shares-predictions-for-bitcoin-ethereum-and-solana/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency market</a>. XRP, utilized for cross-border payments, experienced an almost 300% value increase within just one month. This rapid growth has propelled XRP to become the fifth-largest cryptocurrency by market capitalization.</p>
<h2 style="text-align: justify" id="significant-increase-in-xrp-s-market-value">Significant Increase in XRP’s Market Value</h2>
<p style="text-align: justify">XRP’s market value has drawn attention due to its striking increase throughout November. According to CoinMarketCap data, XRP’s current market value stands at approximately $110 billion. This value surpasses <a href="https://en.coin-turk.com/binance-introduces-bfusd-token-with-promising-returns/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>‘s native asset, <a href="https://en.coin-turk.com/binance-coin-bnb-price-analysis-and-future-prospects/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BNB</a>, which has a market capitalization of $94.422 billion.</p>
<p style="text-align: justify">On November 1, XRP traded at $0.491, reaching $1.957 by the end of the month. This shift allowed XRP to achieve a 298% increase within just 30 days. With this surge, XRP surpassed BNB, an essential component of the Binance ecosystem, to secure the fifth position.</p>
<h2 style="text-align: justify" id="impact-of-the-sec-lawsuit-and-historical-context">Impact of the SEC Lawsuit and Historical Context</h2>
<p style="text-align: justify">The legal battle with the U.S. Securities and Exchange Commission (SEC) has also influenced XRP’s value increase. In December 2020, the SEC filed a lawsuit against Ripple , claiming that XRP was sold as an unregistered security. This situation led to significant drops in XRP’s market value.</p>
<p style="text-align: justify">However, in July 2023, Judge Analisa Torres ruled that Ripple’s sales of XRP in the open market were exempt from being considered securities. This decision marked a significant victory for Ripple. The reduction of legal uncertainties has rebuilt investor confidence.</p>
<p style="text-align: justify">In recent months, XRP has gained a significant position in terms of market value, approaching Solana . Currently, XRP trades at $1.94, nearing the $113.416 billion market value of Solana, known as a rival to Ethereum .</p>
<p style="text-align: justify">XRP’s rapid rise has resonated within the cryptocurrency market. The increase in market value and trading volume captivates investor interest. XRP’s future performance is closely monitored within the crypto world.</p>
<p>The post <a href="https://en.coin-turk.com/xrp-surges-nearly-300-in-just-one-month/" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP Surges Nearly 300% in Just One Month</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

XRP Surges Nearly 300% in Just One Month

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