XRP has become the top-performing major cryptocurrency over the past 90 days, boosted by Ripple’s $50 million settlement with the SEC, ending a legal battle dating back to 2020. The case, which accused Ripple of selling unregistered securities, saw a partial court victory for the company in 2023.
Ripple CEO Brad Garlinghouse credited the favorable outcome to new leadership at the SEC and White House under President Donald Trump. Ripple, which supported Trump’s 2024 campaign, is benefiting from a broader rollback of crypto enforcement actions.
With regulatory pressure easing, Ripple has ramped up operations—acquiring prime broker Hidden Road for $1.25 billion and expanding its workforce to 1,100. The company also launched a stablecoin with a New York trust license.
Garlinghouse is optimistic about future legislation on stablecoins and market structure and forecasts Bitcoin could hit $200,000 by year-end, citing improving U.S. regulatory conditions as a key factor. XRP’s rally intensified after Trump’s re-election, reflecting renewed investor confidence.
Image Credit: Pixabay
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
