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Markets surge to record highs, Santa rally speculation continues, XRP comes out of the dark

The article from FXStreet discusses the recent surge in financial markets, with the S&P 500, Dow Jones, and Nasdaq all reaching record highs, fueled by expectations of a "Santa Rally" where markets typically perform well towards the end of the year. This optimism is driven by hopes of a soft economic landing, potential rate cuts by the Federal Reserve, and a general positive economic outlook. Additionally, the article touches on the cryptocurrency market, highlighting a significant development with Ripple (XRP), which saw a price increase following a favorable court ruling in its ongoing legal battle with the SEC. The ruling clarified that XRP sales on public exchanges do not constitute investment contracts, potentially setting a precedent for other cryptocurrencies. The piece also notes the broader market's reaction to these events, with Bitcoin and other major cryptocurrencies also experiencing gains, reflecting a bullish sentiment across both traditional and digital asset markets.

Read the Full FXStreet Article at:
[ https://www.fxstreet.com/analysis/markets-surge-to-record-highs-santa-rally-speculation-continues-xrp-comes-out-of-the-dark-202412021240 ]