XRP (XRP-USD) is commanding attention with institutional players, dubbed “whales,” scooping up over a billion tokens in just ten days. This whale frenzy isn’t just for show—it signals a strengthening trust in XRP’s market potential and foreshadows possible price hikes. The ripple effect (pun intended) of this activity? A significant boost in trading volumes, showing that XRP isn’t just attracting big players but is also stirring robust market demand.
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Regulatory Winds Favor Crypto Surge
The recent price surge of XRP, which saw a 44% increase last week and a peak at $3.38, is fueled by more than just whale moves. Chatter around the potential approval of a Ripple ETF, which investors believe could funnel billions into the market, is also playing a big part. Adding to the excitement, the recent U.S. presidential election victory of Donald Trump and the departure of SEC Chair Gary Gensler are sparking hopes for a more crypto-friendly regulatory environment, potentially paving the way for broader adoption and further price increases.
At the time of writing, XRP is sitting at $3.1292.
