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Once trading at a modest $0.50 on November 3 with a market cap of $28.56 billion, XRP has skyrocketed to $2.66 as of December 3, a jaw-dropping 429% surge in just one month, with its market cap swelling to an extraordinary $151.4 billion, as per Finbold market cap data.
XRP tops network growth charts as it added 22,357 wallets in a day, reflecting strong utility and renewed investor confidence.
New York-based asset manager WisdomTree has formally joined the growing list of potential issuers seeking to introduce a spot XRP exchange-traded fund (ETF) on Wall Street.
While the entire crypto market buzzed last week that all previous crypto cases may drop, the SEC has plan B in action. SEC drops a bombshell by appointing Jorge Tenreiro to Chief Litigation Counsel, a move that signals the agency's commitment to strict crypto oversight.
XRP Ledger reduced its reserve requirement from 10 to 1 XRP, letting users fund wallets with as little as $2.56.
At the end of the third quarter of the year, XRP, the native token of the XRP Ledger (XRPL), solidified its position as the seventh-largest cryptocurrency by market capitalization, reaching approximately $34.7 billion. This represents a notable 31.1% increase in its circulating market cap quarter-over-quarter (QoQ) compared to Q2.
XRP's price surged 44.7% to $2.74 amid increased network activity, whale accumulation, and WisdomTree's ETF filing, though technical indicators suggest potential near-term challenges.
There has been a lot of back and forth recently about Ripple and XRP Ledger, with people questioning how decentralized it really is. Blockchain researcher Justin Bons has accused XRP of being centralized and permissioned, with criticism focusing on its reliance on Unique Node Lists (UNLs).
Ripple's XRP cryptocurrency continues its impressive rally, recently surpassing Tether (USDT) in reported market capitalization to become the third-largest cryptocurrency, behind Bitcoin (BTC) and Ethereum (ETH). XRP Flips USDT As Crypto Market Cap Shoots Past $3.
According to the risk chart of XRP, the asset reached unprecedented levels of risk. Significant market corrections have historically preceded such risk levels, which raises questions about whether XRP's recent explosive growth can continue.
There is a risk that a mini.bolla may have inflated, which could also be ready to burst.
XRP recently overtook Tether (USDT) in market capitalization, becoming the third-largest cryptocurrency, behind Bitcoin and Ethereum.
WisdomTree has filed for a spot XRP exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC).
Ethereum-based investment products have set a record for 2024, reaching $2.2 billion in net inflows, surpassing the $2 billion high in 2021, according to CoinShares.
XRP has once again drawn attention from the crypto community, not just for its recent price surge but also for concerns about its centralized token supply. According to Crypto analyst IncomeSharks, over 43% of XRP tokens remain locked and are not in circulation, raising fears of a sharp drop back to $0.60 soon.
After the famous reversal in the first week of November, the crypto markets have embraced the beginning of the next bull run. The Bitcoin price soared close to $100K and the older altcoins, which remained silent for quite a while, became active.
Ripple has sounded the alarm for its network, saying that as XRP soars exceedingly high, scams increase correspondingly. In the past month specifically, XRP has appreciated in value by more than 400% making it third largest cryptocurrency in terms of market capitalization.
The XRP price has made a significant bullish push recently as on-chain data shows whales have been accumulating significant amounts. XRP Whales Have Made Big Purchases In Last Few Weeks According to data from the on-chain analytics firm Santiment, the XRP whales have been busy buying recently.
What's happening in the XRP market? An 89.5% growth in just one week? Unbelievable! But what if I say that something even more exciting is happening in the XRPL-based meme coin market. Excited to know more? Then, read on! XRP's Rise and Meme Coin Gains Like I mentioned before, XRP has witnessed significant growth lately.
XRP saw a record $95 million inflow, driven by hype surrounding the potential for a US ETF launch.
Altcoins are thriving! The ones that have experienced a huge rise during the 2021 bull run have again started to swell, hinting towards the return of pro-traders. After a magnificent run, the Bitcoin price has begun to remain stagnant a bit. This has enabled the other altcoins to swell, which have attracted massive gains.
The XRP price surge is single-handedly contributing to the crypto market gains with another 12.25% surge in the last 24 hours, to $2.73. Thus, the altcoin has extended its weekly gains to more than 90% and monthly gains to more than 440%.
Pseudonymous X user IncomeSharks, who has amassed more than half a million followers on the social media platform, believes that XRP might experience a major price correction in the future.
XRP's November rally has prompted crypto analysts to predict ambitious price targets, with one trader forecasting a potential surge to $6.60.
