The Ripple-associated cryptocurrency, XRP, has been making waves in the crypto market, climbing 15% in the past 24 hours to hit a seven-year high. It’s Time To Invest in XRP to INR. The rally has been fueled by renewed optimism about its regulatory future, creating excitement among investors.
Latest XRP Price
On Sunday, XRP soared past the $2.00 mark, a level it hasn’t touched in nearly seven years. As of this writing, XRP price is at $2.16, marking its highest point since January 2018. The cryptocurrency has gained an impressive 15% in the last day and a massive 54% over the past week.
Over the past month, XRP has witnessed extraordinary growth, surging by 318%. This momentum has propelled its market cap to approximately $134 billion, overtaking Solana to become the fourth-most valuable digital asset. Solana, by comparison, holds a market cap of $112 billion as of now.
Why Is XRP Surging?
Ripple’s XRP has surged 13% this week as traders bet Trump’s pick for SEC chair will mean an end to Ripple’s drawn-out legal battles, with the XRP price soaring almost 200% since the U.S. election at the beginning of November.
XRP’s meteoric rise is largely attributed to optimism surrounding its regulatory outlook. The crypto community is abuzz with the news of a potential shift in the U.S. Securities and Exchange Commission’s (SEC) stance. The resignation of SEC Chair Gary Gensler, effective January 20, 2025, coinciding with the inauguration of President-elect Donald Trump, has fueled speculation that the regulatory environment could become more favorable for cryptocurrencies like XRP.
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The SEC has been targeting Ripple Labs, the creators of XRP, over allegations of securities violations. However, the anticipated regime change has led to a surge in investor confidence. Many now believe XRP could see broader adoption for financial products like spot exchange-traded funds (ETFs).
Although XRP remains 41% below its all-time high of $3.40 reached in January 2018, it is now closer to that milestone than it has been in nearly seven years.
Ripple Price In India | Ripple Price INR
Ripple Price in India
This price is updated daily. Check back for the latest Ripple price.
Ethereum Hits a Six-Month High
While XRP steals the spotlight, Ethereum (ETH) is also showing signs of revival. ETH reached a six-month high of $3,741 on Sunday. Over the past week, Ethereum has climbed 11% and boasts a 48% increase in the last 30 days.
Despite these gains, Ethereum remains 24% below its all-time high of $4,878, which was set in 2021. As of this writing, ETH has slightly dipped to $3,707, with only a 0.4% daily gain.
Future of XRP and Ethereum
The current market trends indicate growing optimism for the crypto industry, particularly for XRP and Ethereum. With XRP’s regulatory challenges seemingly easing, many investors are bullish about its potential. Analysts are now turning their attention to Ripple XRP price predictions, speculating whether it could surpass its previous all-time high.
Similarly, Ethereum’s recent rally hints at a potential resurgence, with experts closely monitoring its progress toward reclaiming its all-time high. Also Know ripple xrp price prediction
XRP to INR: Current Price and Conversion
XRP to INR Converter
As of today, the XRP to INR price fluctuates depending on the global market. You can check live rates on cryptocurrency exchanges like Binance, CoinSwitch, or WazirX. Here's a snapshot of how to calculate:
- If XRP is priced at $0.60 and the USD to INR rate is 83, then:
XRP Price in INR = $0.60 × 83 = ₹49.80
XRP News Today
Ripple's ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC) has significantly impacted XRP News Today. However, Ripple's recent wins in court have brought optimism, boosting XRP prices. Tag xrp to inr, xrp to inrxrp to inrxrp to inrxrp to inr
Key Updates:
- SEC Lawsuit Progress: Ripple's partial victory against the SEC clarified XRP is not always considered a security.
- Global Adoption: Ripple continues to partner with banks worldwide, expanding its reach in cross-border payments.
- Upcoming Upgrades: Ripple is rolling out updates to its blockchain to improve scalability.
Why Invest in Ripple's XRP?
Investing in XRP has several advantages:
- Fast Transactions: XRP processes transactions within seconds.
- Low Costs: Ripple’s technology reduces transaction fees.
- Global Partnerships: Ripple works with top financial institutions, enhancing its credibility.
People also ask FAQs About XRP
Why is Ripple surging?
Ripple's XRP has surged 13% this week as traders bet Trump's pick for SEC chair will mean an end to Ripple's drawn-out legal battles, with the XRP price soaring almost 200% since the U.S. election at the beginning of November.
Is there an alternative to XRP?
By issuing a regulated stablecoin, Ripple will be able to offer a steady alternative to XRP for customers that want to use digital currencies without exposure to volatility and regulatory uncertainty.
Why is XRP rising so fast?
The recent rally has been driven by optimism regarding Ripple's legal battle with the SEC, anticipated ETFs, and increased trading activity. South Korean exchanges have become key hubs for XRP trading, contributing significantly to the token's trading volumes.
What is rival to XRP?
Minotaurus (MTAUR) Gets Attention as Potential New Rival
Alongside XRP, a new project in the crypto space is also getting attention. Minotaurus (MTAUR), a blockchain gaming project, has attracted interest from early buyers, with its token presale gathering over 370,000 USDT.
Is XRP just hype?
XRP has a promising future, but widespread banking adoption will not happen overnight. It's vital to stay grounded and not make hasty moves based on bold predictions. By focusing on solid analysis and keeping an eye on regulatory and tech shifts, investors can navigate the market more effectively.
How high will XRP go in 2025?
Ripple Price Prediction Suggests XRP Could Surge to $8 by 2025. Despite experiencing fluctuations over the years, Ripple's XRP is steadily positioning itself as one of the prominent coins in the market, backed by recent projections.
Which is better XRP or Ethereum?
Ripple VS Ethereum: The Conclusion
However, when it comes to comparing the actual performance of the two, Ripple is the better blockchain. Not only are XRP transactions faster and cheaper, but they can scale much more than Ethereum.
