Attacked by the SEC for several years, XRP has suffered. Yet cryptocurrency has been benefiting from Donald Trump’s victory for a week.
The last two years have been difficult for XRP, which has been the target of financial market regulators in the United States. Despite its victory in court, XRP has again been attacked by the SEC. These problems pushed the cryptocurrency down, dropping to $0.40.
Since the victory of the Republican party in the US elections, XRP has recorded a monstrous performance with a performance of + 60% over the last few days. The listing of cryptocurrency on Robinhood also explains the trend.
The number of XRP on trading platforms has also dropped significantly. For several months, the trend that was known was rather opposite. When prices rose, traders rushed to put their XRP on the exchanges so they could take their profits. The market mood has therefore turned, which could herald good performances for the coming weeks.
There are still some uncertainties that could dampen the market. It is impossible to know if the current legal action against XRP will be abandoned. The market seems to be confident.
