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Ripple’s XRP token has surged by almost 80% since the beginning of the year. XRP’s impressive growth could be due to the favorable ruling by a US district court in the SEC vs. Ripple lawsuit. XRP was one of the few projects that did not hit an all-time high in the 2021 bull run. Many analysts attribute the lack of a rally for XRP to the SEC (Securities and Exchange Commission) lawsuit.

 

 

Nonetheless, there is a possibility that XRP could hit a new all-time high in 2024. Many market analysts anticipate a bull run for cryptocurrencies in 2024. This bull run will likely come from the high chances of a spot Bitcoin (BTC) ETF (Exchange Traded Fund) and BTC’s halving in April 2024.

 

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