2024

<p>XRP has seen an amazing 400% price surge in November 2024, making it the <a href="https://coinpedia.org/news/xrp-becomes-third-largest-crypto-surpassing-solana-and-tether-amid-25-rally/" target="_blank" rel="noreferrer noopener">third-largest cryptocurrency by market value</a>. It reached as high as $2.42 before stabilizing around $2.35. This huge hit came after many positive developments brewing around Ripple and XRP with talks of XRP ETFs, <a href="https://coinpedia.org/news/xrp-news-ripple-awaits-nydfs-approval-for-rlusd-stablecoin-launch-on-dec-4/" target="_blank" rel="noreferrer noopener">stablecoin launch</a>, and IPOs, XRP future indeed looks bright.</p>   
<p>Recent data from Santiment <a href="https://x.com/santimentfeed/status/1863481287559819656" target="_blank" rel="noreferrer noopener nofollow">shows </a>that in just three weeks, wallets holding between 1 million and 10 million XRP coins bought over 679 million tokens. Also, the number of wallets holding XRP has hit a new record of over 5.5 million. These signs show that many big investors are confident in XRP’s long-term potential and that it’s a good time to buy.</p>   
<h2 class="wp-block-heading" id="h-what-experts-are-saying"><strong>What Experts Are Saying</strong></h2>   
<p>Dan Tapiero, a well-known investor, has <a href="https://x.com/DTAPCAP/status/1863454576709349873" target="_blank" rel="noreferrer noopener nofollow">praised </a>XRP’s recent surge, pointing out that the market didn’t fully understand its potential before. He believes this 400% jump isn’t luck but a sign of XRP’s strong fundamentals. He believes that <a href="https://coinpedia.org/price-analysis/ripple-price-hits-72-month-high-xrp-price-to-achieve-3-this-week/" target="_blank" rel="noreferrer noopener">XRP’s price</a> is overlooked by many and since it’s opening wings now it will be the best buy in the coming months.&nbsp;</p>   
<p>Raoul Pal, the CEO of Real Vision, admitted he was wrong about XRP earlier this year and now sees its growth as significant. Earlier in 2024, Pal had dismissed XRP and <a href="https://coinpedia.org/price-analysis/cardano-this-popular-altcoin-is-heading-for-20-pullback-can-bulls-prevent-excess-price-drain/" target="_blank" rel="noreferrer noopener">Cardano (ADA)</a> as “old cult coins” and urged investors to steer clear of them. However, with XRP’s remarkable rally and growing market influence, Pal admitted he was wrong in his earlier assessment.</p>   
<p>In a series of X posts, Pal noted that the market conditions and developments surrounding XRP are changing and so is his stance. He referred to XRP’s recent rise as the “Banana Zone,” a playful term he used to describe a phase of explosive growth. Pal’s comments suggest that XRP’s recent performance has forced him to reconsider his XRP take, seeing it as a major player in the crypto space rather than a forgotten token.</p>   
<h2 class="wp-block-heading" id="h-ripple-s-legal-wins-are-key"><strong>Ripple’s Legal Wins Are Key</strong></h2>   
<p>Tapiero further noted that XRP is rising because the biggest regulatory hurdle is at ease. <a href="https://coinpedia.org/news/ripple-vs-sec-update-key-win-for-ripple-as-court-speeds-up-xrp-lawsuit-judgment/" target="_blank" rel="noreferrer noopener">Ripple recent legal victory</a> is the root where the judge ruled that <a href="https://coinpedia.org/crypto-live-news/xrp-not-a-security-advertised-in-trumps-campaign/" target="_blank" rel="noreferrer noopener">XRP is not a security</a> (like stocks), and the SEC reduced its fine from $2 billion to just $125 million. These victories helped clear up legal doubts surrounding XRP and boosted investor confidence.</p>   
<p>Adding to the good news, the head of the SEC, Gary Gensler, announced that he will <a href="https://coinpedia.org/news/gary-gensler-resignation-why-sec-chair-loved-his-job-and-aspired-to-make-the-world-a-better-place/">step </a><a href="https://coinpedia.org/news/gary-gensler-resignation-why-sec-chair-loved-his-job-and-aspired-to-make-the-world-a-better-place/" target="_blank" rel="noreferrer noopener">d</a><a href="https://coinpedia.org/news/gary-gensler-resignation-why-sec-chair-loved-his-job-and-aspired-to-make-the-world-a-better-place/">own in January</a> 2025, which some believe could lead to more favorable regulations for cryptocurrencies. Another factor that’s driving the bulls are anticipated approval of Ripple’s stablecoin, RLUSD on Dec 4, which is pegged to the U.S. dollar.&nbsp;</p>   [post_titles_links postid="388013"]   
<h3 class="wp-block-heading" id="h-what-lies-ahead-for-xrp-nbsp"><strong>What lies ahead for XRP?&nbsp;</strong></h3>   
<p>With Bitcoin hovering around $95,000, the overall crypto market is looking positive. Moreover, at present XRP is holding strong above key support levels, showing continued buyer interest. If it stays above $2, the next target will be $5, and many believe this could be just the beginning of a much larger rally.</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1733148841666">
  <strong class="schema-faq-question"><strong>Is XRP a good investment in 2024?</strong></strong> 
  <p class="schema-faq-answer">XRP is gaining traction, with strong investor interest, legal victories, and bullish forecasts, making it an attractive investment.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1733148848654">
  <strong class="schema-faq-question"><strong>What is XRP's price target after reaching $2?</strong></strong> 
  <p class="schema-faq-answer">Experts predict XRP could reach $5 if it maintains support above $2, signaling potential for further growth.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1733148869080">
  <strong class="schema-faq-question"><strong>How did Ripple's legal win impact XRP's price?</strong></strong> 
  <p class="schema-faq-answer">Ripple's victory in its legal battle cleared regulatory doubts, boosting investor confidence and fueling XRP’s recent price surge.</p> 
 </div> 
</div>

XRP Price Surge: A 400% Jump in November 2024 and What’s Next

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