XRP prices surged 13% in one day, driven by speculation over a possible ETF listing in the US and Donald Trump
It is analyzed that optimism ahead of the inauguration of President-elect Donald Trump was a major factor.
As of 4:40 p.m. on the 15th, XRP was trading at $2.87 on the cryptocurrency market site CoinMarketCap, up 13.69% from 24 hours earlier.
This is a 26.32% increase from seven days ago, and the first time this price level has been recorded since early 2018.
Cryptocurrency analysis company Santiment announced on the 14th (local time)
"XRP investors are excited to see that XRP, the third largest asset by market cap, hits $2.69 for the first time since December 17, 2024," X said in a post.
Santiment attributes the main driver of XRP's price increase to continued large-scale buying from wallets holding between 1 million and 10 million XRP tokens.
According to the company, since Nov. 12, the group has purchased 1.43 billion XRP tokens, marking an increase of approximately 37.4%.
Sean, Head of Research at on-chain protocol Derive
Dawson told Cointelegraph that XRP's "strong rally is likely due to the listing of the XRP ETF this year."
"This could create additional bullish sentiment as investors move capital into altcoins like XRP," Dawson explained.
2025/01/15 17:29 KST
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