{"id":653296,"date":"2024-11-16T05:30:55","date_gmt":"2024-11-16T05:30:55","guid":{"rendered":"https:\/\/wncen.com\/?p=653296"},"modified":"2024-11-15T12:55:23","modified_gmt":"2024-11-15T12:55:23","slug":"why-is-xrp-price-up-today-key-reasons-explained","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/","title":{"rendered":"Why Is XRP Price Up Today? Key Reasons Explained"},"content":{"rendered":"

The XRP price is experiencing a significant uptick, rising 20% over the past two days and an impressive 47% in the last five days. The surge can be attributed to a confluence of factors, including speculation surrounding SEC Chairman Gary Gensler’s potential resignation, favorable regulatory tailwinds under the incoming Trump administration, increased whale activity, and a notable technical breakout.<\/p>\n

#1 Speculation About SEC Chairman Gary Gensler\u2019s Resignation<\/h2>\n

A primary driver behind XRP\u2019s recent price movement is the growing speculation regarding the possible resignation of Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC). On November 14, Gensler delivered a speech at the Practicing Law Institute\u2019s 56th annual conference on securities regulation, where he lauded the efforts of the SEC. \u201cIt\u2019s been a great honor to serve with them, doing the people\u2019s work, and ensuring that our capital markets remain the best in the world,\u201d Gensler stated.<\/p>\n

The crypto community on Xinterprets this speech as a potential farewell address, especially in light of the upcoming transition following Donald Trump\u2019s victory in the US presidential election. Investors anticipate that the Trump administration will appoint a pro-crypto chairman to lead the SEC. \u201cI will fire Gary Gensler on day one,\u201d Trump pledged during the Bitcoin 2024 conference.<\/p>\n

Brad Garlinghouse, CEO of Ripple Labs, echoed<\/a> these sentiments on X: \u201cJoined Cantor\u2019s annual Crypto Conference today – safe to say that the US is ready to be the crypto capital of the world with the next Trump Administration. Also an apt shirt to wear..on perhaps what are Gary Gensler\u2019s last days in office?!\u201d
\nAfter Gensler\u2019s resignation, there\u2019s speculation that the SEC might reconsider its appeal against Ripple Labs, potentially alleviating regulatory pressures that have weighed heavily on the XRP price over the last years.<\/p>\n

#2 Regulatory Tailwinds For XRP Under Trump<\/h2>\n

The anticipated policy shift under the incoming Trump administration<\/a> is another critical factor contributing to the XRP price appreciation. The administration is reportedly preparing to adopt a more permissive stance toward crypto, with plans to appoint industry-friendly candidates to key regulatory positions.<\/p>\n

\u201cChatted with Tony Romm about how the incoming Trump Administration is already engaging proactively with the crypto industry on clear rules of the road\u2026 what a breath of fresh air!\u201d Garlinghouse remarked today on X.<\/p>\n

Further emphasizing the potential positive impact, Garlinghouse stated<\/a> via X: \u201cI\u2019ve shared some thoughts on what the Trump administration could mean for crypto and wanted to also recognize the XRP family\u2019s patience and unwavering support. A lot has happened since XRP was the 2nd most valuable digital asset. It\u2019s been – at times – a frustrating journey. ~6 years since the SEC started meddling in the crypto market, picking winners and losers\u2026 ~4 years since the SEC sued Ripple.<\/p>\n

He added, “Now FINALLY we see a light at the end of the tunnel as these external (frankly unnatural and manipulative) market factors fade. The tides are shifting, headwinds are turning to tailwinds, and the opportunity for those of us who believe in the future for XRP is enormous!\u201d<\/p>\n

#3 Increased XRP Whale Activity<\/h3>\n

Whale activity<\/a>, indicative of large-scale investments by major holders, has also played a significant role in the XRP price surge. On-chain analysis firm Santiment reports<\/a> on X: \u201cWallets with at least 1M XRP now hold a combined 45.61B tokens, their highest amount held since June 2018. In the past 2 years, whales & sharks have reversed course and accumulated 3.44B more XRP, a +8.16% increase. Traders have enjoyed a +40% return in the past 7 days.\u201d<\/p>\n

\"XRP
XRP whale activity | Source: Santiment<\/figcaption><\/figure>\n

#4 Technical Breakout<\/h3>\n

Complementing the fundamental drivers are technical factors contributing to the XRP price action. XRP has broken above a six-year-long symmetrical triangle<\/a> pattern, a significant technical indicator that suggests the potential for sustained upward momentum. Historically, such breakouts have preceded notable price increases, and in XRP\u2019s case, the price had previously declined by as much as 97% during the formation of this pattern.<\/p>\n

At press time, XRP traded at $0.85.<\/p>\n

\"XRP
XRP price, 1-month chart | Source: XRPUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image created with DALL.E, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The XRP price is experiencing a significant uptick, rising 20% over the past two days and an impressive 47% in the last five days. The surge can be attributed to a confluence of factors, including speculation surrounding SEC Chairman Gary Gensler’s potential resignation, favorable regulatory tailwinds under the incoming Trump administration, increased whale activity, and a notable technical breakout. #1 Speculation About SEC Chairman Gary Gensler\u2019s Resignation A primary driver behind XRP\u2019s recent price movement is the growing speculation regarding the possible resignation of Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC). On November 14, Gensler delivered a speech at the Practicing Law Institute\u2019s 56th annual conference on securities regulation, where he lauded the efforts of the SEC. \u201cIt\u2019s been a great honor to serve with them, doing the people\u2019s work, and ensuring that our capital markets remain the best in the world,\u201d Gensler stated. The crypto community on Xinterprets this speech as a potential farewell address, especially in light of the upcoming transition following Donald Trump\u2019s victory in the US presidential election. Investors anticipate that the Trump administration will appoint a pro-crypto chairman to lead the SEC. \u201cI will fire Gary Gensler on day one,\u201d Trump pledged during the Bitcoin 2024 conference. Brad Garlinghouse, CEO of Ripple Labs, echoed these sentiments on X: \u201cJoined Cantor\u2019s annual Crypto Conference today – safe to say that the US is ready to be the crypto capital of the world with the next Trump Administration. Also an apt shirt to wear..on perhaps what are Gary Gensler\u2019s last days in office?!\u201d After Gensler\u2019s resignation, there\u2019s speculation that the SEC might reconsider its appeal against Ripple Labs, potentially alleviating regulatory pressures that have weighed heavily on the XRP price over the last years. #2 Regulatory Tailwinds For XRP Under Trump The anticipated policy shift under the incoming Trump administration is another critical factor contributing to the XRP price appreciation. The administration is reportedly preparing to adopt a more permissive stance toward crypto, with plans to appoint industry-friendly candidates to key regulatory positions. \u201cChatted with Tony Romm about how the incoming Trump Administration is already engaging proactively with the crypto industry on clear rules of the road\u2026 what a breath of fresh air!\u201d Garlinghouse remarked today on X. Further emphasizing the potential positive impact, Garlinghouse stated via X: \u201cI\u2019ve shared some thoughts on what the Trump administration could mean for crypto and wanted to also recognize the XRP family\u2019s patience and unwavering support. A lot has happened since XRP was the 2nd most valuable digital asset. It\u2019s been – at times – a frustrating journey. ~6 years since the SEC started meddling in the crypto market, picking winners and losers\u2026 ~4 years since the SEC sued Ripple. He added, “Now FINALLY we see a light at the end of the tunnel as these external (frankly unnatural and manipulative) market factors fade. The tides are shifting, headwinds are turning to tailwinds, and the opportunity for those of us who believe in the future for XRP is enormous!\u201d #3 Increased XRP Whale Activity Whale activity, indicative of large-scale investments by major holders, has also played a significant role in the XRP price surge. On-chain analysis firm Santiment reports on X: \u201cWallets with at least 1M XRP now hold a combined 45.61B tokens, their highest amount held since June 2018. In the past 2 years, whales & sharks have reversed course and accumulated 3.44B more XRP, a +8.16% increase. Traders have enjoyed a +40% return in the past 7 days.\u201d #4 Technical Breakout Complementing the fundamental drivers are technical factors contributing to the XRP price action. XRP has broken above a six-year-long symmetrical triangle pattern, a significant technical indicator that suggests the potential for sustained upward momentum. Historically, such breakouts have preceded notable price increases, and in XRP\u2019s case, the price had previously declined by as much as 97% during the formation of this pattern. At press time, XRP traded at $0.85. Featured image created with DALL.E, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[93355,93354,4531,83637,13172,15883,78763],"class_list":["post-653296","post","type-post","status-publish","format-standard","hentry","category-news","tag-why-is-xrp-price-up-today","tag-why-is-xrp-up-today","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrp-price-analysis","tag-xrpusdt"],"acf":[],"yoast_head":"\nWhy Is XRP Price Up Today? Key Reasons Explained<\/title>\n<meta name=\"description\" content=\"The XRP price is experiencing a significant uptick, rising 20% over the past two days and an impressive 47% in the last five days. The surge can be\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Is XRP Price Up Today? Key Reasons Explained\" \/>\n<meta property=\"og:description\" content=\"The XRP price is experiencing a significant uptick, rising 20% over the past two days and an impressive 47% in the last five days. The surge can be\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-16T05:30:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-15T12:55:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/GcXiGDDWIAAncPD-1.jpg\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"Why Is XRP Price Up Today? Key Reasons Explained\",\"datePublished\":\"2024-11-16T05:30:55+00:00\",\"dateModified\":\"2024-11-15T12:55:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/\"},\"wordCount\":703,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/GcXiGDDWIAAncPD-1.jpg\",\"keywords\":[\"Why Is XRP Price Up Today\",\"Why Is XRP Up Today\",\"xrp\",\"xrp news\",\"XRP Price\",\"XRP Price Analysis\",\"xrpusdt\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/\",\"url\":\"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/\",\"name\":\"Why Is XRP Price Up Today? Key Reasons Explained\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/GcXiGDDWIAAncPD-1.jpg\",\"datePublished\":\"2024-11-16T05:30:55+00:00\",\"dateModified\":\"2024-11-15T12:55:23+00:00\",\"description\":\"The XRP price is experiencing a significant uptick, rising 20% over the past two days and an impressive 47% in the last five days. The surge can be\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/GcXiGDDWIAAncPD-1.jpg?fit=3133%2C1756\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/GcXiGDDWIAAncPD-1.jpg?fit=3133%2C1756\",\"width\":3133,\"height\":1756,\"caption\":\"XRP whale activity | Source: Santiment\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why Is XRP Price Up Today? Key Reasons Explained\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/wncen.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Why Is XRP Price Up Today? Key Reasons Explained","description":"The XRP price is experiencing a significant uptick, rising 20% over the past two days and an impressive 47% in the last five days. The surge can be","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/","og_locale":"en_US","og_type":"article","og_title":"Why Is XRP Price Up Today? Key Reasons Explained","og_description":"The XRP price is experiencing a significant uptick, rising 20% over the past two days and an impressive 47% in the last five days. The surge can be","og_url":"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-11-16T05:30:55+00:00","article_modified_time":"2024-11-15T12:55:23+00:00","og_image":[{"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/GcXiGDDWIAAncPD-1.jpg"}],"author":"Jake Simmons","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"Why Is XRP Price Up Today? Key Reasons Explained","datePublished":"2024-11-16T05:30:55+00:00","dateModified":"2024-11-15T12:55:23+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/"},"wordCount":703,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/GcXiGDDWIAAncPD-1.jpg","keywords":["Why Is XRP Price Up Today","Why Is XRP Up Today","xrp","xrp news","XRP Price","XRP Price Analysis","xrpusdt"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/","url":"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/","name":"Why Is XRP Price Up Today? Key Reasons Explained","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/GcXiGDDWIAAncPD-1.jpg","datePublished":"2024-11-16T05:30:55+00:00","dateModified":"2024-11-15T12:55:23+00:00","description":"The XRP price is experiencing a significant uptick, rising 20% over the past two days and an impressive 47% in the last five days. The surge can be","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/GcXiGDDWIAAncPD-1.jpg?fit=3133%2C1756","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/GcXiGDDWIAAncPD-1.jpg?fit=3133%2C1756","width":3133,"height":1756,"caption":"XRP whale activity | Source: Santiment"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Why Is XRP Price Up Today? Key Reasons Explained"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/wncen.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Why Is XRP Price Up Today? Key Reasons Explained","url":"http:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/why-is-xrp-price-up-today-key-reasons-explained\/"},"thumbnailUrl":"","image":{"@type":"ImageObject","url":""},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["why is xrp price up today","why is xrp up today","xrp","xrp news","xrp price","xrp price analysis","xrpusdt"],"dateCreated":"2024-11-16T05:30:55Z","datePublished":"2024-11-16T05:30:55Z","dateModified":"2024-11-16T05:30:55Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Why Is XRP Price Up Today? Key Reasons Explained\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/why-is-xrp-price-up-today-key-reasons-explained\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/why-is-xrp-price-up-today-key-reasons-explained\\\/\"},\"thumbnailUrl\":\"\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"why is xrp price up today\",\"why is xrp up today\",\"xrp\",\"xrp news\",\"xrp price\",\"xrp price analysis\",\"xrpusdt\"],\"dateCreated\":\"2024-11-16T05:30:55Z\",\"datePublished\":\"2024-11-16T05:30:55Z\",\"dateModified\":\"2024-11-16T05:30:55Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/653296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=653296"}],"version-history":[{"count":3,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/653296\/revisions"}],"predecessor-version":[{"id":653365,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/653296\/revisions\/653365"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=653296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=653296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=653296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}