XRP’s market cap hits $108 billion – Is $2.1 next for the altcoin?

📆 30/11/2024 6:33 p. m.
📰 CryptoAmb

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Ripple's XRP market cap surges to $108.2 billion to reclaim the fifth spot. XRP has surged by 21.08% to hit a 3 year high

has made one of the greatest comebacks in the Crypto’s recent history. For the first time since 2018, XRP’s market cap has breached the $100 billion barrier to surpass

In 2018, XRP price rallied to set its all-time high at $3.13 while the market cap reached $120.76 billion. Interestingly, the recent uptrend raises questions about what’s driving Ripple’s uptrend and if it will keep its fifth spot.According to AMBCrypto’s analysis, one factor driving the surge is the changing political environment in the United States. Since Donald Trump’s election, the altcoin has experienced a sustained uptrend as he promised to remove the current SEC chairman.

When the SEC started its many lawsuits against Ripple, the altcoin came close to dropping out of the top ten from the second position. Thus, with speculation of better crypto policies, Ripple investors are bullish and anticipate more gains.

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