The XRP (CRYPTO: XRP) cryptocurrency soared to an all-time high of $3.45 in 2018, before losing more than 90% of its value amid a series of regulatory issues for its creator, Ripple. The U.S. Securities and Exchange Commission (SEC) sued the company in 2020 for alleged breaches of financial securities laws, which cast a cloud over XRP’s future.
But the SEC has adopted a friendlier approach toward the cryptocurrency industry under President Donald Trump, and Ripple’s legal woes are now mostly settled. After trying — and failing — to mount a recovery for the last seven years, XRP finally soared to a new record high last Friday, July 18.
Here’s what might happen next.