Ripple’s XRP Officially Recognized as Convertible Virtual Currency

• Ripple’s XRP is officially recognized as convertible virtual currency by the USA.
• The XRP price chart is forming a bullish ascending triangle pattern.
• Analysts expect to see a 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 around the world.

Ripple’s XRP Officially Recognized as Convertible Virtual Currency

> 🚨BREAKING: #XRP has been officially recognized as a ‘convertible virtual currency’ by the U.S. Department of Justice Civil Division and FinCEN! pic.twitter.com/aTQIgMINnQ
> — JackTheRippler ©️ (@RippleXrpie) February 18, 2025

This is a monumental moment for Ripple’s XRP as the altcoin went through an arduous battle with the SEC under Gary Gensler’s rule. With Gensler’s resignation as SEC Chairman following Trump’s US Presidential win, XRP’s victory against the SEC, after years of litigation, was celebrated by Trump’s pro-crypto government.

In the previous cycle, XRP missed the pump alongside BTC, ETH, and other popular altcoins due to its ongoing battle with the SEC. In 2017, XRP surged dramatically before facing setbacks due to SEC restrictions. Now, with a clear path ahead and ample global support, XRP has already surged twice in the ongoing bull cycle, and analysts are confident that another explosive pump is imminent.

New XRP ATHs on the Horizon

> #XRP – Is Crashing Hard? 😂🚨
>
> I’ll have to give a slap to anyone who mentions ‘crash’ again! 😅 #XRP is simply filling in the ascending triangle formation. The first attempt? Let’s call it a fake-out! 🔄 Now, we’re just retesting the edge of the formation. 📈
>
> Stay calm; this… pic.twitter.com/xqQwjoEgul
> — EGRAG CRYPTO (@egragcrypto) February 18, 2025

As illustrated by the post above, a well-known crypto analyst and XRP enthusiast reminds the community about XRP’s ascending triangle pattern. Once this pattern is completed, it is expected that the price of XRP will surge rapidly, likely setting new all-time highs (ATH) in the near future. The expectation of reaching $27 as the next ATH is considered plausible.