Investor and Gold Bullion International co-founder Dan Tapiero recently praised XRP’s impressive performance on social media. Over the past month, XRP’s market capitalization has skyrocketed by over 400%. Tapiero attributed this surge to a combination of factors and highlighted misconceptions about the digital asset.
In a tweet, Tapiero noted that many investors either misunderstood or failed to grasp XRP’s potential. Despite criticism on social media, XRP’s recent gains were no coincidence. He emphasized that adding $100 billion in market value within four weeks was a deliberate outcome, not a fluke. For the first time since 2018, XRP soared to $2.40, reclaiming its spot among the top three cryptocurrencies on CoinMarketCap.
Related article: XRP Breaks Barriers: Golden Cross Fuels New Price Targets
Ripple’s Legal Wins Fuel XRP’s Rise
Tapiero linked XRP’s surge to Ripple’s recent legal victories against the U.S. Securities and Exchange Commission (SEC). In July, Judge Analisa Torres ruled that XRP sales to retail investors did not qualify as securities. This decision significantly reduced Ripple’s legal risks.
Related article: XRP Gains Momentum as Suppression Tactics Wane
Later, in September, the court slashed the SEC’s requested fine from $2 billion to $125 million. These rulings boosted investor confidence. While the SEC appealed the decision, political shifts in November further impacted the case. SEC Chairman Gary Gensler announced his resignation, effective January 2025. This development sparked optimism about clearer crypto regulations in the U.S. next year. Tapiero celebrated Ripple’s success, tweeting, “@bgarlinghouse @Ripple vindicated.”
Raoul Pal Revises Stance on XRP
Real Vision CEO Raoul Pal also weighed in on XRP’s recent rally. On Sunday, XRP surpassed the long-anticipated $2 mark and currently trades at $2.35 after hitting $2.42 earlier.
Ok, $XRP Jedi’s…I know you are winning but can you leave some crumbs for the rest of us…blimey… its fucking rocket ship!
The Banana Zone arriveth. 
— Raoul Pal (@RaoulGMI) December 1, 2024
Pal, who previously dismissed XRP as a “cult” coin, acknowledged his earlier misjudgment. In a tweet, he humorously referred to the situation as “The Banana Zone arriveth” for XRP, signaling a change in his outlook.
With legal clarity and market momentum, XRP’s future appears brighter than ever. Investors now look forward to potential regulatory reforms that could further strengthen Ripple’s position in the crypto space.
The post XRP’s Meteoric 400% Rise: Legal Wins and Market Momentum appeared first on FXcrypto News.
