Ripple with XRP has surpassed BNB to become the 5th largest digital currency in terms of market capitalization. On Friday, XRP’s market capitalization reached $99 billion, its highest level in more than three years.
XRP is witnessing strong price momentum, as this altcoin has increased more than 230% in November alone.
Is XRP Price On Its Way Back To History?
Despite being one of the largest altcoins on the market, XRP has largely underperformed in every bull market over the past three years. Ripple’s long legal battle with the US Securities and Exchange Commission (SEC) has significantly affected the altcoin’s market activity.
However, long-term Token Holders finally see a potential reward. The re-election of Donald Trump and his promise of regulatory clarity has generated significant institutional interest in the token.
The current chairman of the SEC, Gary Gensler, has always been an irritant to Ripple. However, his resignation earlier this month has created optimism that Ripple could escape the SEC’s radar.
This optimism has been reflected in recent actions by major institutional investors. Last week, WisdomTree, one of the largest global asset managers, applied for an XRP ETF in Delaware. This is the third application for an XRP ETF, as Bitwise and Canary Capital joined the race in October.
“Ripple is preparing for major upgrades to the XRP Ledger, designed to improve liquidity and attract institutional investors. This increase in activity could direct hundreds of millions of USD into the XRPL Token, especially in the DeFi sector.” influencer Brett wrote on X (formerly Twitter).
If approved, an XRP ETF would attract more capital from institutional investors to the altcoin and could boost its market demand. A similar trend has occurred with BTC, as the approval of a Bitcoin ETF has seen institutional demand for the cryptocurrency skyrocket.
Most importantly, the Trump administration is likely to provide an optimal regulatory landscape for cryptocurrencies by 2025. The president-elect has reportedly considered cutting capital gains taxes for all US-based Cryptocurrencies, including XRP.
It is also important to note that Ripple CEO Brad Garlinghouse proactively donated to Trump’s campaign. Furthermore, he recently donated $25 million to the 2026 US midterm elections, even before the Trump administration began in January. So we are likely to see a regulatory backdrop. seems to be very supportive of XRP in the US, which will likely boost demand for altcoins.
