XRP Surges 120% as Volatility Increases Amid SEC Changes
XRP has increased by 120% over the past week, accompanied by a significant rise in volatility, as noted by Kaiko analysts. Realized volume has surpassed 100%, reaching its highest level since July 2023, which coincided with the court ruling regarding institutional sales of XRP.
During the recent weekend, XRP's trading volumes exceeded those of Bitcoin.
Analysts indicate that strong trading volumes accompanying price increases suggest a stable upward trend rather than a temporary fluctuation. Kaiko believes that tokens previously targeted by the SEC may experience renewed interest and potential gains as the regulatory landscape shifts, especially with an impending change in leadership at the SEC under President-elect Donald Trump.
Fox’s Eleanor Terrett reports that an announcement regarding Trump's pick to replace Gary Gensler as SEC Chair could occur soon.
On the Empire podcast, Dragonfly’s Haseeb Qureshi discussed the growing interest in XRP and its implications for the broader market cycle. He notes that many participants view their investments as contributions to future technology rather than mere speculation.
Qureshi emphasizes that while there is interest in meme-driven assets, the increasing concrete interest in crypto indicates significant changes ahead.