Ripple (XRP) runs faster than Light, Breaks all time high
XRP has now reached a new all-time high (ATH) of $3.51 after more than six months.
Quick overview
- XRP has reached a new all-time high of $3.51, driven by increased institutional interest and market optimism.
- The cryptocurrency has surpassed Tether to become the third-largest by market cap, currently valued at $207 billion.
- XRP aims to break the $3.80 level, with potential to reach $4.00 if it maintains support.
- The U.S. House of Representatives has shown strong support for the CLARITY Act, which could positively impact the cryptocurrency market.
Live XRP/USD Chart
XRP has now reached a new all-time high (ATH) of $3.51 after more than six months.
The surge is driven by increased institutional interest in XRP and general market optimism. XRP has also gained strong support from individual investors. As a result, XRP even overtook Tether (USDT) to become the third-largest cryptocurrency globally by market cap, standing at $207 billion.
XRP’s next major target is to break through the $3.80 level. If XRP can maintain this level as support, it might continue to climb, potentially reaching the $4.00 range.
However, a price correction could occur if investors decide to cash out after the altcoin’s ATH. Profit-taking seems likely, especially after such a long wait.
The U.S. House of Representatives has unofficially approved the CLARITY Act, a significant legislative proposal for a structured market framework for digital assets. As a result, major cryptocurrencies are also performing well.
XRP, as one of the leading alternative cryptocurrencies, is nearing a new record high. Notably, the Democratic vote count on CLARITY has exceeded expectations, with 71 Democrats voting “yes,” indicating greater support for the significant cryptocurrency legislation than anticipated.
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