XRP experienced a notable surge of over 20% on Friday, outperforming leading digital assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). This increase has propelled XRP to become the fifth-largest cryptocurrency by market capitalization, now exceeding $107 billion.<\/p>\n
As of the latest trading data, XRP is priced at $1.87, reflecting a remarkable 99% increase over the past two weeks. This performance has allowed XRP to surpass Binance Coin (BNB) in market capitalization<\/a>, signaling a resurgence of investor interest.<\/p>\n The recent rally marks a significant turnaround for XRP, which had been consolidating between $0.30 and $0.60 for nearly three years.\u00a0<\/p>\n This period of stagnation was largely attributed to the end of the 2021 bull run and the ongoing legal battle between Ripple Labs<\/a> and the US Securities and Exchange Commission (SEC).\u00a0<\/p>\n The SEC\u2019s classification of XRP as an \u201cunregistered security\u201d has created substantial uncertainty for investors, particularly in the US, which has impacted the token\u2019s market performance.<\/p>\n However, recent political developments in the United States have contributed to a renewed sense of confidence among crypto investors.\u00a0<\/p>\n Following Donald Trump\u2019s victory <\/a>on November 5, where he defeated current Vice President Kamala Harris, the cryptocurrency market saw a significant recovery. Bitcoin, in particular, reached a new all-time high of $99,540, leading this resurgence.<\/p>\n Trump\u2019s election promises to overhaul regulatory frameworks, including the dismissal of SEC Chair Gary Gensler on his first day in office, have further fueled optimism.\u00a0<\/p>\n Gensler has announced <\/a>his departure from the agency effective January 20, coinciding with the presidential inauguration, raising hopes that the protracted legal dispute between Ripple and the SEC may soon be resolved.\u00a0<\/p>\n This potential resolution could pave the way for increased investment in XRP and the introduction of new investment products, such as exchange-traded funds (ETFs) focused on the token, with several asset managers having already filed applications.<\/p>\n In terms of technical analysis, crypto analyst DarkDefender has noted that XRP has successfully broken through a critical resistance level at $1.44.\u00a0<\/p>\n With the recent uptrend recorded for the fifth largest token on the market, DarkDefender outlined <\/a>new targets for XRP, including $3.4176 and $11.3233, while also revisiting historical targets of $5.85 and $18.22. Furthermore, the analyst highlighted new support levels at $1.44, $1.28, $1.14, and $1.03.\u00a0<\/p>\nXRP Breaks Free From Three-Year Stagnation<\/h2>\n
New Price Targets And Support Levels<\/h2>\n