Explosive growth for the XRP price: Ripple's Garlinghouse celebrates legal success.

Explosive growth for the XRP price: Ripple’s Garlinghouse celebrates legal success

XRP continues to impress with its unprecedented price increases. The digital currency recently overtook Solana (SOL) and even managed to temporarily outperform Tether (USDT). With an impressive increase in market capitalization, XRP reached a new high, the highest level in years.

According to Dan Tapiero, co-founder of Gold Bullion International, this growth is no coincidence. He stresses that adding $100 billion to the market capitalization in just four weeks is “no coincidence.” Tapiero explains that many investors have misinterpreted or underestimated XRP, which is reflected in the harsh criticism the currency has received on X (formerly Twitter).

Ripple’s legal breakthrough and Garlinghouse’s justification

Tapiero also points to justice for Ripple and its CEO Brad Garlinghouse after years of legal battles and public controversy. A key driver behind XRP’s recent success was its victory in the lawsuit against the U.S. Securities and Exchange Commission (SEC). In July, Judge Analisa Torres ruled that the sale of XRP to retail investors did not fall under securities laws.

Ripple’s fine was drastically reduced from $2 billion to $125 million in September. Although the SEC has appealed, it seems likely that the case will be dropped once the new US administration takes office. SEC Chairman Gary Gensler, known for his anti-crypto stance, has announced his resignation for January. This would mean a final victory for Ripple.

Other factors that strengthen XRP

In addition to the legal breakthrough, there are other developments that are fueling optimism around XRP. Investors are eagerly awaiting the potential approval of Ripple’s RLUSD stablecoin by the New York Department of Financial Services (NYDFS). In addition, anticipation is growing for a possible XRP exchange-traded fund (ETF) , as several applications have been submitted for it.