Ripple's cryptocurrency, XRP, has experienced a notable increase in its market value recently. This surge began after the U.S. elections, where Donald Trump was victorious, sparking rumors of a personal meeting between Ripple's CEO, Brad Garlinghouse, and Trump.
Additionally, the resignation of SEC Chairman Gary Gensler has added fuel to this rally, as Ripple also settled its legal case. Now, the market is speculating whether XRP can reach a technical target of $30.
This rise in XRP's value has seen it outperform Bitcoin, making it a focal point in the crypto markets currently.