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According to data from the encryption order platform CoingeckoXRP rises 511 % annually. In the fourth quarter, 2024 alone, the market value has gained XRP 246 %, according to a recently released report by Messenger.
XRP bull started last November on expectations of a more convenient position for encryption; For years, XRP prices were kept as a result of the Ripple SEC lawsuit that started in 2020, which led to the victory of Ripple for 2023. Last August, Ripple was requested a fine of $ 125 million in sales of institutional investors, and to end the lawsuit effectively.
It also picked up the participation of the retail and the large participation with the data indicating the accumulation of whales on the series. According to Messari, in the fourth quarter, 2024, new addresses have increased from 382 % to 507,000, indicating that new users stop.
The expectation surrounding XRP ETF also strengthened XRP prices. Ripple Labs Monica has long noticed that ETF XRP may “soon be a reality.” Recently, Grayscale Investments has applied with SEC to convert XRP confidence to ETF for its inclusion on the New York Stock Exchange.
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Regardless of gray, many companies applied for XRP, which indicates an increasing institutional appetite for organized investment products in XRP. Force Investments, a Canadian Asset Management Company, presented an initial newsletter for XRP Spot ETF.
Wisdom Tree presented a S-1 in December to launch ETF XRP, after BitWise, Canary and 21shares in October and November. Rlusd, Stablecoin Stablecoin was launched from Ripple, in December, which represents a great milestone.
How high is it?
As a result of the height, the XRP Tether (USDT) exceeded, among other things, to become the third largest encrypted currency through the market value, and only bitcoin and ethereum. At the time of writing this report, XRP has decreased by 1.28 % in the past 24 hours to $ 3.09 with the current marketing of $ 178.15 billion.
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In 2018, XRP witnessed a similar rise, as it exceeded a brief period of ETH in the market value when both coins were approximately $ 22 billion. Is it possible for this to happen again?
It will determine only time – but XRP has an additional field of growth. ETH has a market value of 404 billion dollars, which exceeds twice the XRP profit.
In terms of price, XRP eyes exceed the last level of $ 3.4 and reach 4 dollars or perhaps $ 5. At the same time, Daily SMA has withstood $ 2.6 as XRP support since November 2024.
