Ripple’s XRP Officially Recognized as Convertible Virtual Currency by the USA, New XRP ATH Price Soon?

• 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

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

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.