Ripple (XRP) extends its gain on Friday after rallying over 30% since Monday and reaching a new year-to-date high of $0.847.
Ripple surges to new 2024 high on XRP Robinhood listing, Gensler departure talk Ripple extends its gain on Friday after rallying over 30% since Monday and reaching a new year-to-date high of $0.847. The main reasons for the rally are the listing of XRP on the US exchange Robinhood and speculation about the US Securities and Exchange Commission Chair Gary Gensler’s resignation as Ripple is facing a long-standing legal battle with the regulator.
Reports suggest the continuation of the ongoing rally as they highlight that the current trading level is still not overvalued and that project targets are above $100K in the coming weeks. However, this optimism could not last long as some BTC holders and miners realize profits and increase the selling pressure, which could lead to a pullback to $78K. Bitcoin reached a new all-time high of $93,265 this week, rallying over 35% since the US Presidential election on November 5.
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