XRP has risen to its highest trading level in three years, currently priced at $1.06, despite a recent drop from a peak of $1.20. The increase in value reflects broader positive trends in the cryptocurrency market, particularly following the recent U.S. presidential election results. XRP futures open interest has surged to nearly $2 billion, indicating heightened speculative trading and bullish sentiment among investors. This uptick follows rumors of a potential easing of regulatory pressures on XRP, as the Securities and Exchange Commission’s (SEC) chair may soon depart. This speculation is fueled by the belief that the incoming administration may adopt a more lenient approach to cryptocurrency regulations, particularly regarding XRP's classification. Analysts suggest that this potential regulatory shift could enhance the conditions for establishing a U.S.-listed XRP exchange-traded fund (ETF), leading to increased investor interest in the asset.

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