- Ripple’s XRP is officially recognized as convertible virtual currency by the USA.
- The XRP price chart is forming a bullish ascending triangle pattern.
- Analyst expects to see major XRP price surge and a new XRP ATH soon.
Ripple’s XRP has been officially recognized as a ‘convertible virtual currency’ by the US Department of Justice Civil Division and FinCEN. This marks the official acknowledgement of XRP as a reputed and trusted virtual currency making the altcoin one of the most highly respected cryptocurrencies in the USA and across the world.
Ripple’s XRP Officially Recognized as Convertible Virtual Currency
🚨BREAKING: #XRP has been officially recognized as a ‘convertible virtual currency’ by the U.S. Department of Justice Civil Division and FinCEN! pic.twitter.com/aTQIgMINnQ
— JackTheRippler ©️ (@RippleXrpie) February 18, 2025
This is a monumental moment for Ripple’s XRP as the altcoin went through an arduous battle with the SEC under Gendsler’s rule. With Gary Gendsler’s resignation as SEC Chairman following Trump’s US Presidential win, XRP’s victory against the SEC over a years-long battle not only came to a close but went on to be highly commemorated by Trump’s pro-crypto government.
Last cycle, XRP missed the pump alongside BTC, ETH, and other popular altcoins due to its battle with the SEC. In 2017, XRP pumped parabolically before hitting a wall due to SEC hindrance. Now, with a clear path ahead and ample global support, XRP has already pumped twice this ongoing bull cycle and analysts are certain another explosive XRP pump is on the horizon.
New XRP ATHs on the Horizon
#XRP – Is Crashing Hard? 😂🚨
I’ll have to give a slap to anyone who mentions “crash” again! 😅 #XRP is simply filling in the ascending triangle formation. The first attempt? Let’s call it a fake-out! 🔄 Now, we’re just retesting the edge of the formation. 📈
Stay calm; this… pic.twitter.com/xqQwjoEgul
— EGRAG CRYPTO (@egragcrypto) February 18, 2025
As we can see from the post above, one reputed crypto analyst and XRP enthusiast reminds the crypto community of XRP forming its ascending triangle pattern. He believes once this pattern is complete, the price of XRP will surge parabolically and most likely go on to set new ATHs in the coming days ahead. He believes $27 as the next XRP ATH is not a far-fetched expectation.
