XRP has finally done it. It’s crossed the $1 mark for the first time in almost three years. This jump seems to be fueled by a mix of good legal news and an overall bullish vibe in the market. But before we all start celebrating, I think it’s important to take a step back and look at what this really means, especially for those of us trading crypto in the US.

The Surge: What Happened?

XRP's journey to this point has been interesting. For a while there, it seemed like Bitcoin was hogging all the attention after Trump’s recent election win, leaving some of us wondering if XRP would ever catch up. I mean, Bitcoin hit new highs while XRP was stuck around $0.57, and many were starting to feel FOMO about missing out on some big rally.

But then things started changing. XRP broke through that crucial $0.60 resistance and quickly moved past $0.70, $0.80, and now here we are at over $1. Analysts are saying that if it can hold this level (which is a big "if"), we might be looking at a run towards its all-time high of $3.31.

However, let’s not forget that technical indicators show it might be due for a pullback first before continuing its upward trend.

The Good and Bad News

Now onto the juicy part: why did this happen? A lot of it seems tied to some favorable legal outcomes recently - like those lawsuits against the SEC from 18 US states - which have given many investors hope that maybe just maybe the SEC will withdraw its appeal soon.

But here’s where things get tricky: while these developments are good for XRP right now, they could also set a precedent that might not work out so well down the line for other cryptocurrencies.

And let’s face it - cryptocurrency is still such a young market with so much volatility! One minute you’re up; next minute you’re down (sometimes way down). So small businesses thinking about jumping into crypto should definitely tread carefully.

Is It Time to Buy Crypto Now?

For those individuals living in hyperinflationary economies though? That’s another story entirely! Traditional currencies lose value fast in those situations; if you’re lucky enough to have assets like gold or even cryptocurrencies such as XRP available as options then perhaps now would be an ideal time?

Just remember folks – diversification is key! Don’t put all your eggs into one basket (especially not one as volatile as crypto).

So what do you think? Is this just another bull run or something more substantial? And should small businesses consider getting into currency exchange crypto at this stage?