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Cryptocurrencies Price Prediction: Ripple, Bitcoin & Crypto – European Wrap 22 November

Cryptocurrencies Price Prediction: Ripple, Bitcoin & Crypto – European Wrap 22 November
FXStreet TeamFXStreet TeamFXStreet

Ripple surges to a new yearly high; XRP bulls aim for three-year high of $1.96

Ripple (XRP) extends its gains by around 10% on Friday, reaching a new year-to-date high of $1.43 and hitting levels not seen since mid-May 2021. The main reasons behind the rally are the announcement that the US Securities and Exchange Commission’s (SEC) Chair Gary Gensler will resign and the launch in Europe of an XRP  exchange-traded products (ETP) by asset management company WisdomTree.

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Trump plans Bitcoin reserve, pro-crypto council

President-elect Donald Trump’s plan to establish a “Crypto Advisory Council” is making waves in the financial world. According to a recent report from Reuters, this council will oversee crypto policy, collaborate with Congress on legislation, and work towards creating a Strategic Bitcoin Reserve, an idea Trump championed during his campaign. The council would mark a significant step forward for the crypto sector, which has grown rapidly since Bitcoin's launch in 2008.

Crypto market buzzing in anticipation of regulatory change

Crypto market capitalisation surpassed $3.3 trillion, up 3.8% in the last 24 hours. Ethereum (+7.4%), Solana (+7.5%), XRP (+24%), and Cardano (+9.6%) provided traction.

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