The XRP Ledger’s native cryptocurrency, XRP, has surpassed the dollar mark, rejuvenating the Commission (SEC) of the United States.

Data from CoinGecko shows that as of Sunday evening, XRP is trading at $1.13 and increased by 4.5% in the last 24 hours. The token is up more than 91% in the past seven days and more than 84% so far in 2024, marking a significant return from when the digital currency struggled to even be in the Green.

$XRP returns Dogecoin

The popular altcoin also hit another milestone on Sunday, pushing Dogecoin (DOGE) to become the world’s sixth-largest crypto token by market capitalization.

DOGE is the largest memecoin in the crypto market and is currently valued at over $54.2 billion. XRP, on the other hand, fell from the Top 7 CoinGecko Rankings to reach the Top 6 place with a market capitalization of $63.8 billion on Sunday evening.

$XRP Claws Back to $1

XRP, whose holders are hoping for better days ahead of the US elections, has had a rough ride over the past four years.

Following the SEC’s lawsuit in December 2020, XRP prices plunged, leaving the XRP army – holders who held on to their holdings despite the downturn – in despair as Ripple, the largest holder of XRP in the world closely associated with the XRP Ledger, defended his cause.

The SEC accused Ripple and its executives of violating securities laws by selling XRP, which it designated as a security. Relief came last year, after a court ruled that XRP was not a security when sold through crypto exchanges.

Ripple CEO Brad Garlinghouse says the SEC’s interference in the crypto industry has hit XRP prices hard. “Frankly, people forget that before the SEC got involved in the crypto markets, XRP was the second most valuable digital asset” he said in a recent interview.

However, Ripple’s woes continued as the SEC, under the leadership of Gary Gensler, pursued the matter by filing a complaint. call to overturn some of the provisions of the 2023 court decision.

Despite ongoing disputes, XRP and other cryptocurrencies saw a surge following Donald Trump’s election to 47th place.^th President of the United States and many pro-crypto candidates have been elected to Congress.

XRP remains very volatile like other crypto tokens, but the community believes that the coin will continue to rise and perhaps reach record highs or even regain its place as the second largest cryptocurrency in the world – behind Bitcoin – as it was in 2018. .

“Future generations will see we who bought $XRP for less than $5, the same way baby boomers bought homes for less than $20,000,” said prominent investor Armando Pantoja.

The $XRP community celebrates its revitalization

XRP holders on X are going wild celebrating XRP’s return to the $1 club.

One user noted how the digital token graphic is created “those who weathered the storm look like geniuses today,” while another said he hoped Monday would also bring news on “Gensler’s official tenure.” resignation“.

Gensler, who has been a thorn in XRP’s side for the past four years, has yet to announce whether he will resign before the end of his term, but the crypto community has urged the SEC chief to do so before doing it. “fired” by Trump.

Another XRP holder said he regrets not buying more in the past, but he also believes that “buy more now is always a wise decision.

Meanwhile, aside from Trump’s victory and a pro-crypto convention, recent interest around XRP has also helped drive prices higher. Hopes are high for applications for XRP exchange-traded funds (ETFs) to be approved, and talk of a pro-crypto president replacing Gensler has sparked engagement among community members.