As a seasoned researcher with over two decades of experience in the financial industry, I have witnessed numerous market fluctuations and shifts that have shaped the economic landscape. The recent surge of XRP, as observed through the lens of Dan Tapiero’s insightful analysis, has certainly piqued my interest.
Noted investor and financial specialist Dan Tapiero, a partner at Gold Bullion International, recently highlighted the impressive growth of X (the digital asset) in his account during the past month. Additionally, he made a significant remark concerning Ripple as well as its chief executive officer.
Tapiero makes important Ripple and XRP statement
Investment specialist Tapiero recently posted a tweet, indicating that over the last month, XRP’s market capitalization has increased by more than 400%. He explained that many investors may have failed to grasp or fully comprehend cryptocurrency related to XRP, which has often been criticized on various platforms, as Tapiero noted.
Tapiero is certain that this was not a random price jump of 400% within four weeks: “adding $100b in 4 wks did not happen by mistake…not an error.” For the first time since 2018, XRP has soared to the $2.4 price level and reclaimed the top 3 position on the CoinMarketCap scale of cryptos.
In just four weeks, a staggering $100 billion was generated, which is approximately a 400% increase.
— Dan Tapiero (@DTAPCAP) December 2, 2024
According to Tapiero’s viewpoint, the primary driver behind the increase in XRP appears to be Ripple’s recent court victories against the Securities and Exchange Commission (SEC). Last July, Federal Judge Analisa Torres decided that the sale of XRP to retail investors on exchanges was not considered a security. This ruling was further supported in September when the judge reduced the $2 billion fine proposed by the SEC against Ripple to a more modest $125 million.
Following the SEC’s appeal to the Supreme Court, and after significant political shifts in the U.S. this November, Gary Gensler, the SEC chairman, announced his resignation, effective January 2025. This news has provided extra impetus for XRP, fueled by expectations that the U.S. government will soon implement clear crypto regulations next year. Tapiero expressed his approval of this development in a tweet, saying “@bgarlinghouse @Ripple exonerated.
Raoul Pal on the XRP surge: “The Banana Zone arriveth”
Cryptocurrency expert and the CEO of Real Vision Raoul Pal has issued two tweets to comment on the drastic XRP price surge that has taken place since Sunday when the third largest cryptocurrency XRP surpassed the much-awaited $2 price level and is currently trading at $2.35 after hitting $2.42 earlier today.
Alright, XRP enthusiasts, I see you’re doing great, but could you spare a few tips for the rest of us? Incredible progress indeed, it’s like we’re on a runaway spaceship!
Welcome to the Banana Zone. 🍌
— Raoul Pal (@RaoulGMI) December 1, 2024
Originally this year, a person referred to XRP and ADA as outdated “cult” coins, advising investors to stay away from them. However, they later acknowledged their mistake and declared, “The Banana Zone is here for XRP.
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2024-12-02 12:47