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The two best performers from the larger-cap alts over the past few days have been Ripple’s XRP and Cardano’s ADA.by the growing speculations that the current SEC chair, Gary Gensler, will step down from his position even before President-elect Donald Trump’s inauguration in January of next year. This could be regarded as bullish for XRP, given the agency’s ongoing four-year-long legal battle against the company behind it.
As such, XRP’s value has shot up in the past week by over 70% and earlier today neared $1 for the first time in more than a year. Given its current price tag of $0.95, it seems inevitable that it will reach $1 at some point, most likely in the near future. ADA now needs to rise by 38% to reach the $1 target. Usually, that would sound a lot, but not in the current crypto environment. Many assets have surged by that amount in a matter of days alone. ADA is no exception, as its price has gained almost 70% in the past week.
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