XRP price news: Ripple jumps 8% above $2, beating bitcoin (BTC), amid SEC shuffle
CoinDesk
XRP surged over 8% past $2, driven by spot ETF inflows and optimism following an SEC Commissioner's departure.Summary
XRP rose above $2 for the first time since mid-December, gaining about 8%, fueled by steady inflows into U.S. spot XRP ETFs, which reached $1.18 billion since launch. This rally occurred while broader benchmarks like Bitcoin remained rangebound, suggesting XRP's strength was token-specific. A significant catalyst was the departure of SEC Commissioner Caroline Crenshaw, viewed by some traders as potentially leading to more crypto-friendly policies, as she had opposed the SEC dropping its appeal in the Ripple case. Further momentum came from speculation regarding a possible Market Structure Bill markup scheduled for January 15th, elevating policy expectations for the first quarter.
(Source：CoinDesk)