Double-digit increase recorded in the morning of the 2nd
Broke through 3,000 won for the first time in 6 years...The market cheered
XRP market capitalization surpasses SOL, ranking 4th
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Previously, on the 30th, Fox Business reported that the New York Department of Financial Services (NYDFS) is reviewing the approval of the launch of RLUSD, and the launch date of RLUSD is expected to be the 4th.
With the news of the imminent launch of RLUSD, Ripple recorded a double-digit increase in the morning of the 2nd, and Ripple's market capitalization surpassed that of the cryptocurrency Solana (SOL), ranking 4th in the overall cryptocurrency market capitalization.
In addition to the launch of RLUSD, the resignation of Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), due to the election of former President Trump as the 47th President of the United States, is also cited as a reason for Ripple's sharp rise.
Gary Gensler, the chairman of the SEC, sued Ripple for violating securities law in December 2020, and the SEC and Ripple have been in litigation for about 4 years. In August this year, Ripple won the case against the SEC, but the price of Ripple did not rise significantly after the SEC appealed the case in October.
However, former President Trump, who declared that he would "fire Chairman Gensler on the first day of his inauguration," was confirmed as the President of the United States, and Chairman Gensler announced his voluntary resignation effective January 20 of next year.
As of 9:30 am on the 2nd, Ripple is trading at around 3,198 won on Upbit. Ripple's breakthrough of 3,000 won is the first time in about 6 years, as Ripple last broke through 3,000 won in January 2018.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
