Xrp has outperformed large market cap coins by a mile, do you think it is done? I think not! Like any other supply and demand dynamics in trading the market has to consolidate and this has been the necessary pullback in order to launch even higher prices. This bull cycle is unlike any other because it has a confluence of events. First president elect Donald Trump won the elections and his stance on being crypto friendly sent the markets into a bull frenzy. The SEC chairman Gary Gensler is about to leave office after Trump said on his first day he will fire him because his been suing every crypto companies instead of building a frame work so that companies can comply with. The incoming SEC chairman Paul Atkins may completely drop the Ripple case especially that they were classified not security and may fall under the regulation of the CFTC. Utility is about to kick in as a new paradigm beginning to be accepted in America and around the world.
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