Gary Gensler’s Departure Talk Fuels XRP, ‘Meme Coin’ Play Powers Litecoin As Action Shifts To Lagging Altcoins
Posted On November 15, 2024
XRP and Litecoin racked up impressive gains Thursday even as blue-chip cryptocurrencies took a breather.
What happened: Payment-focused cryptocurrency XRP emerged as the best-performing cryptocurrency in the last 24 hours, surging nearly 18%.
The coin’s trading volume soared 50% to $10.54 billion, making it one of the most traded cryptocurrencies in the last 24 hours.
The rally followed SEC Chair Gary Gensler’s remarks suggesting he may be ending his stint.
| Cryptocurrency | Gains +/- | Price (Recorded at 10:30 p.m. EDT) |
| XRP (CRYPTO: XRP) | +17.94% | $0.8199 |
| Litecoin (CRYPTO: LTC) | +8.59% | $81.57 |
Ripple Labs has been locked in a nearly four-year-long legal battle with the SEC over the status of XRP, the …
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