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- XRP is the most popular cryptocurrency after Ripple won in court against the SEC, with its price peaking at $0.55.
- Lesser-known cryptocurrencies Raydium (RAY) and Verosity (VRA) occupy second and third places, with significant price increases.
- While some analysts see potential for XRP to rise, it showed brief gains following the court decision and requires factors like mass adoption and market liquidity to sustain the rally.
XRP leads the pack
According to cryptocurrency behavior platform Santiment, Ripple’s native token – XRP – exists Become The most popular digital asset after the company’s consecutive court win against the US Securities and Exchange Commission (SEC) on October 3.
Its price rose to nearly US$0.55 after a judge rejected the regulator’s desire to appeal the first loss it incurred in July.
As for the second and third places, it goes to digital currencies that are rarely in the spotlight, but recently, their prices have begun to rise. They are radium (RAY) and ferrosite (VRA). The value of the former has risen by more than 9% on a weekly basis (per CoinGecko), while the latter has risen by a whopping 62% over the same period.
Avalanche (AVAX) and Rollbit Coin (RLB) round out the top 5 popular digital assets, while GALA, AMB, SUSHI, ETH, and FTT are at the bottom of the list. Interestingly, the largest cryptocurrency by market capitalization – Bitcoin (BTC) – did not find a place in the ranking.
Is XRP ready to rise?
Some cryptocurrency analysts have done so previously Argue The potential rejection of the SEC’s appeal could serve as a catalyst for XRP prices. One such person is the popular trader who uses the handle X (Twitter) KALEO.
However, the asset price has so far only made short gains shortly after the court ruling and subsequently began to decline in line with the overall downward trend in the market.
AI-powered language model ChatGPT Proposal Factors such as mass adoption, market liquidity, and market sentiment must also be present for XRP to start rising. The video below shows how high the coin could go during the next bull market.
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