
XRP’s rally to a seven-year high came amid the SEC’s latest filing to appeal a court ruling in its partially unsuccessful case against Ripple Labs.
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According to CoinMarketCap, Ripple’s native XRP token has a maximum supply of 100 billion and a circulating supply of roughly 57 billion.
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Analysts are expecting Ether and altcoins like XRP to stage a significant rally leading into Trump’s inauguration on Jan. 20, which also marks the last day of SEC Chair Gensler.
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XRP price corrects after a 56% pump to three-year highs above $1.26 as retail traders book profits and tokens move to exchanges en masse.
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