XRP Price Breaks $1 With Potential to Skyrocket 400% to $5, But These Meme Coins Could Soar Even Higher

XRP price surged 30% in the last 24 hours to $1.08, breaking the $1 resistance level held since December 2021.

Long-suffering Ripple XRP holders – the

But what a difference an electoral campaign can make! The crypto-friendly regulatory environment that the Trump administration and Congress are expected to establish is the spark that ignited the crypto wildfire bull market.

🚨 BREAK: $XRP IS NOW ABOVE $1.00 FOR THE FIRST TIME SINCE 2021!💥📈

What is your maximum price projection for XRP in 2024?

Comment below and follow for more!!👇👇 pic.twitter.com/m090pIEGXx

– Hello Crypto (@AbsGMCrypto) November 16, 2024

However, a number of specific developments related to the Trump-induced risk theme have helped XRP.

Here’s what’s driving XRP’s price rise – and more gains are likely

When Ripple CEO Brad Garlinghouse tweeted that he was in contact with the Trump administration transition team, it certainly helped focus minds. The news was first reported in the Washington Post on November 11, then cited by Garlinghouse in an X-rated article the next day:

Discussed with @TonyRomm on how the new Trump administration is already proactively engaging with the crypto industry on clear rules of conduct…

what a breath of fresh air! https://t.co/XZhPZm26qv

– Brad Garlinghouse (@bgarlinghouse) November 12, 2024

Then, on Thursday, the chairman of the United States Securities and Exchange Commission (SEC) Gary Gensler gave a speech at the 56th Annual Securities Regulation Institute Event hosted by the Practicing Law Institute.

Gensler’s closing remarks sounded a lot like a resignation speech. Her departure means a lot to Ripple because it would mark the end, or a happy conclusion for the company, of the agency’s lawsuit against it for allegedly selling an unregistered security.

Before I close, I would like to say something about the SEC and its personnel. It’s a remarkable agency. The staff and Commission are deeply motivated by their mission and focused on protecting investors, maintaining fair, orderly and efficient markets, and facilitating capital formation…

It has been a great honor to serve with them, doing the work of the people and ensuring our capital markets remain the best in the world…

I have been proud to serve with my colleagues at the SEC who, day in and day out, work to protect American families on the highways of finance.

SEC Chairman Gary Gensler

Before the election, many trial observers had moved to a position where a legal settlement favorable to Ripple was likely – now the SEC will drop the case altogether if and when Gensler leaves.

Trump does not have the power to fire Gensler, although he could remove him as chairman, but he could still remain one of the five commissioners. There is a good chance that Gensler will avoid this humiliation and resign.

This appears to be what Gensler reported on Thursday, and XRP price responded by rising, as shown in the chart below:

XRP price will reach $5 by the end of the year

Aside from a pullback in the broader market as the “Trump trade” fades, XRP is at the start of a bull run that has it surpassing its previous all-time high on an intraday reading at $3.84 (3 .3 using closing prices). with $5 the year-end price target for the token.

Such an advance would equate to a price increase of 277% from the current level of $1.08.

It is also worth noting that 13 million XRP was burned three days ago, adding to the overall bullish mood.

Ripple XRP’s cross-border transaction efficiency is its strength

XRP is a liquidity token primarily aimed at financial institutions that want to improve the efficiency of their cross-border transactions. It has recently expanded its use cases, but this remains its core competency.

The US crypto push could mean a bright future for Ripple XRP cross-border payments. If the United States opens up crypto as the new Trump administration wants, then the fundamental business case for XRP becomes a truly global proposition.

Keep in mind, however, that Ripple now has a stablecoin called RLUSD, which will also be used in its payment solutions alongside XRP, under the brand name Ripple Payments Solution.

In addition to inserting itself at the corporate level, where Treasury services could be interested in using its technology, given a clearer regulatory framework, sovereign actors could also be interested at the digital currency level of the central bank (CBDC).

American brokerage firm Alliance Bernstein commented in a note to clients on Monday about the crypto bull market: “Buy all you can.”

XRP should probably be in every savvy crypto investor’s portfolio, as the token has a lot of catching up to do as it emerges from a backdrop of legal uncertainties with its bull case shining brightly. However, a balanced portfolio, for diversification reasons, should consider a range of digital assets.

How to invest your XRP – Pepe Unchained is about to explode

XRP might be one of the stars of this bull run, but it would be remiss not to mention the hottest sector in crypto right now, meme coins.

Here are three that you might consider buying in ICO, where one can get the best returns on investment.

Pepe Unchained ($PEPU) is the first meme coin to have its own Ethereum Layer 2 blockchain. It raised $32 million in ICO, which closes in 27 days, so there’s no time to waste if you would like to contribute.

The ecosystem includes Pepe’s Pump Pad, an Ethereum-focused pump.fun, where meme coins can be launched by literally clicking a few buttons.

The project brings in over $1 million every 24 hours – the whales can’t get enough of PEPU, as evidenced by this $50,000 purchase. The $PEPU token presale price increases every 12 hours and at the time of writing, it is priced at $0.01286.

Flockerz ($FLOCK) is “the people’s coin”. This is the first meme coin that will be managed by its token owners through its vote-to-win mechanism. Flockerz allows its community – The Flock – to guide the project by voting on proposals and is rewarded for their participation. Flockerz has raised almost $2 million and is priced at $0.0060289 at the current price stage, which ends in one day and 12 hours.

Crypto All-Stars ($STARS) is a meme coin ecosystem that introduces the innovative concept of unified staking for meme coins. The MemeVault network allows meme coin fans to stake their tokens, but to maximize returns, users must hold the $STARS token.

Crypto investors like what they see: the presale raise total is about to hit $4 million. $STARS is selling for $0.001568 and there is only one day left before the price increases.

You can purchase the pre-sales mentioned above on the Best wallet application. The wallet’s native token, $BEST, is for sale exclusively to Best Wallet users in a private sale.