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#Gate Launchpad List IKA# Why is XRP rising?
The stable upward trend of the cryptocurrency began after Donald Trump won the US presidential election in November 2024. Thanks to the pro-cryptocurrency policies of the new administration, the digital asset market entered a bullish phase.
The key event for XRP was the resolution of a long-standing lawsuit between Ripple and the U.S. Securities and Exchange Commission #Simple Earn Annual Rate 24.4%# SEC #ETH Trading Volume Surges# . This strengthened investor confidence in the coin and allowed for a new price record to be set.
Analysts predict further growth of the asset. According to the trader under the nickname Mikybull Crypto, the nearest targets for the cryptocurrency are $5 or $8.