XRP Surges Above 3 USD for the First Time Since 2018

XRP has broken the $3 barrier in a matter of seconds today, a spectacular comeback not seen since early 2018. Although it quickly corrected back to $2.97. The cryptocurrency, often the center of legal and regulatory issues, has risen over 31% in just the first two weeks of the year. The trading volume of XRP surged, increasing by 141% in just one day as traders and investors poured in. Analysts attribute this increase to growing optimism about the ongoing legal battles between Ripple and the SEC, as well as rumors of clarity in regulations under the upcoming Trump administration.

Ripple Fights SEC Heats Up The SEC has denied Ripple's request to postpone the deadline for filing an appeal, prompting Ripple's legal team - led by CEO Brad Garlinghouse and General Counsel Stuart Alderoty - to condemn the agency's tough tactics. Alderoty vented his disappointment on X (formerly Twitter), pointing out that the SEC's rejection was just another chapter in the legal nightmare Ripple has had to deal with since 2020. At that time, the SEC sued Ripple, accusing the company of selling XRP as an unregistered security. In 2023, Ripple scored a partial victory when a judge ruled that selling XRP to retail investors did not violate securities laws. However, the court found that selling to institutions was a different story. Currently, as Gary Gensler prepares to step down, he seems determined to fire a final shot at Ripple, refusing to change his stance that XRP is a security. "Bitcoin is not a security," Gensler reiterated in a recent interview. But he made it clear that he believes most other tokens, including XRP, operate in a speculative market that does not adhere to the rules. With a crypto-friendly administration set to take over in Washington, the optimism around regulatory changes is high. Ripple's legal troubles may not be over, but the momentum is undeniable. DYOR! #Write2Earn #Write&Earn $XRP {spot}(XRPUSDT)