XRP experienced a sharp 25% surge in the past 24 hours, driven by rising expectations of a pro-crypto regulatory shift. The announcement of SEC Chair Gary Gensler’s planned departure has further bolstered investor sentiment, coinciding with broader optimism under a crypto-friendly U.S. administration.
Ripple Labs’ significant legal victory earlier this year has cemented confidence in XRP’s future, elevating its market capitalization to $77 billion. Over the last month, XRP has climbed an impressive 150%, with market strategists forecasting a potential climb to $1.40 in the short term.
Notably, trading volumes for XRP on South Korean exchanges have surpassed bitcoin, signaling heightened interest in the asset. Meanwhile, futures contracts tied to XRP have hit record open interest levels, with over $2 billion in positions betting on increased volatility and continued bullish momentum.
