A glitch now shows XRP at over $1 per coin following the crypto assets impressive 60% plus gains in the past week alone.
XRP has hit a new 52-week high of $0.9097 amidst several developments in the markets, including the victory of president Donald Trump, Bitcoin’s new ATH, and hints of SEC Chair Gary Gensler’s resignation.
Why Google displayed XRP over $1 has investors boggled, but optimistic of the momentum the asset has demonstrated as of recent.
While exchanges are not reflecting this dollar price [yet], XRP is nearing $1 as we speak.
At the time of this publication, XRP is trading at $0.8944.
Anther development that has pushed the asset’s price up can be attributed to the re-enlisting of the crypto on Robinhood.
This means you can now purchase XRP on Kraken, Binance, Coinbase, and Robinhood, being some of the most notable exchanges amongst the retail investor community.
This development is bullish for XRP due to a broadened access to purchase the cryptocurrency.
While there are several price predictions for XRP, a few key events are sure to set off a massive rally in the near future.
One of the biggest events would be its dealings with the Securities and Exchange Commission (SEC).
If XRP is able to come to a settlement and be deemed 100% as an asset, rather than a security, it may trigger an influx of sideline investors, both retail and institutional.
SEC Chair Gary Gensler’s recent speech struck many in the capital markets industry as a farewell note to his colleagues, indicating his inevitable resignation.
The battle between Ripple and the SEC under Gensler has suppressed mass adoption from the crypto asset.
During the summer of 2023, a judge ruled out that XRP is not a security, but rather an asset when sold to investors, marking a significant milestone for Ripple and the crypto community.
As the SEC and Ripple gain common ground and further clarity, the changes that encompass XRP will be massive.
Analysts and strategists suggest we are living in a profound blip of time — one of the last moments — before you can buy XRP under $1.
Whether the bold statements carry any merit is something only time will tell.
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Also Read: A New Study Values XRP Between $3,500 And $22,000
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