the value of XRP surpasses the long-awaited $1

Ripple explodes, with the value of XRP surpassing $1. At the time of writing, XRP is worth $1.16 and is in a pump of +101% in the last seven days. 

Ripple explodes: the value of XRP surpasses 1 dollar after a pump of +101% in the last seven days 

Ripple is experiencing a record price surge, with XRP exceeding the value of 1 dollar.

At the time of writing, XRP is worth $1.16 and is in a bull pump of +101% over the last seven days. In fact, already on November 16, XRP had reached the record high of this 2024 at the price of $1.23. 

Dizzying numbers if you consider that just a week ago, the value of XRP was fluctuating around $0.57. Taking a look at the top 10 crypto, only XRP is recording a 3-digit pump in the last seven days. 

In terms of market cap, XRP is now in sixth place in the ranking with 65.7 billion dollars, double that of a week ago. In fact, last week, the market cap of XRP was 32.2 billion dollars and it was in seventh place in the ranking. 

Behind this bull run, in addition to the crypto rally led by Bitcoin (BTC) which recorded yet another new ATH – All-Time High above $93,000, there is something more supporting the performance of XRP. 

Ripple: the value of XRP soars thanks to the rebellion against the SEC and Gary Gensler

Just 4 days ago, it emerged that as many as 18 US States accused the Securities and Exchange Commission (SEC) and its Chairman Gary Gensler of unfairly pursuing the crypto industry. 

This rebellious stance by the Republican attorneys general against the SEC seems to support all crypto. 

In this regard, Ripple had to suffer more than all the other cryptos due to the accusations from the SEC, in a lawsuit that lasted a full 4 years. Only in July 2023, Ripple began to breathe after Judge Analisa Torres had ruled that XRP is not a security. 

The great victory of XRP, however, only came last August 2024 with Torres issuing her historic ruling, but obligating Ripple to pay a fine of 125 million dollars, obviously a sum lower than that requested by the SEC. 

Finally, three months after that ruling, Ripple seems to have made a strong comeback in the crypto market, without any more penalties due to US regulation. 

The day after the scoop of the 18 US States against the SEC and President Gensler, the price of XRP started to rise, exceeding $0.80. 

At the time of writing, XRP is getting closer to its ATH of $1.60 recorded in May 2021. 

XRP surpasses DOGE in terms of market cap

As anticipated, XRP is recording staggering numbers, to the point of surpassing Dogecoin (DOGE) by taking the sixth place in the ranking in terms of market cap. 

The memecoin par excellence DOGE is experiencing incredible price increases, especially thanks to Trump’s victory, supported by Elon Musk. The market cap of DOGE is currently 54.9 billion dollars, compared to the almost 66 billion of XRP. 

Nevertheless, XRP is experiencing its period of remuntada. Even the CEO of Ripple, Brad Garlinghouse wanted to remind the crypto position of XRP before the accusations from the SEC of the USA. 

The CEO of Ripple: “Before the SEC dealt with cryptocurrencies, $XRP was the second most valuable digital asset.”