XRP Soars to $2.40 Amid Crypto Hype and Legal Progress

The cryptocurrency market has always been full of surprises — and one coin that's made serious growth recently is XRP.

The cryptocurrency market is always full of surprises — and one coin that’s made serious growth recently is XRP.

Known for trading at just a few cents not long ago, XRP has seen a remarkable rise, recently touching $2.40 and even briefly overtaking Tether to grab the third spot on the crypto leaderboard.

With all the ongoing developments, it’s natural to wonder: Is XRP gearing up to become the next Bitcoin?

FOMO: A Driving Force

In a recent interview, Dave Portnoy, owner of DDTG Global, spoke candidly about the growing crypto hype.

“I got outbid on an apartment in Miami by a crypto guy. Just like that. Bitcoin’s up to about $100k. I’ve worked hard for 20 years and yes—there’s 100% FOMO on everything now.”

While admitting that today Bitcoin feels more established, Portnoy shared how coins like XRP are now catching the attention of people looking for the next big opportunity.

“But that’s why I am in XRP. It’s FOMO. It’s not like I have some brand belief in it. What if that’s the next Bitcoin?”

After the U.S. Securities and Exchange Commission (SEC) lost its bid to overturn the dismissal of Ripple’s cross-appeal, both parties are fully aligned to resolve the case. The case will be revisited with the Court.

One of the biggest obstacles for XRP has been its long legal battle with the SEC. The case, which began in 2020, centers around the SEC’s claim that Ripple sold XRP as an unregistered security. However, with both sides moving closer to a settlement and new partnership details emerging, the crypto world is eagerly watching.

Many believe that once this case concludes, it could pave the way for XRP to soar even higher. The end of regulatory uncertainty might attract large investors and new partnerships—something Ripple has been actively pursuing in regions like the Middle East, aiming to integrate the Islamic banking system with blockchain technology.

"Today’s order does not alter any of Ripple’s wins (e.g., XRP is not a security, etc.). This concerns procedural issues related to the dismissal of Ripple’s cross-appeal. Together, the SEC and Ripple have reached an agreement to resolve the case. This matter will be reconsidered by the Court with input from both parties."

While it’s too early to say if XRP can truly reach Bitcoin’s level, there’s no doubt that the momentum is building for the token.

With a sharp price rally, a major lawsuit nearly over, and new global partnerships, XRP is certainly positioning itself as a force to be reckoned with in the crypto world.