Ripple's cryptocurrency XRP gained significant recognition after its inclusion in the US Strategic Crypto Reserve. This decision has had a notable impact on the market and the activity of major investors.
Whale Interest in XRP Rises
Following a series of volatile market shifts, XRP is seeing increased interest from large investors known as 'whales'. It is the only digital asset among the top 10 cryptocurrencies that has shown positive results across all time frames.
Spike in Active XRP Addresses
In the past week, the number of active XRP addresses surged by 620%, reaching 462,650. This coincided with Ripple being mentioned in a US Presidential Executive Order by Donald Trump. Over $5.3 billion worth of XRP was transacted in the last 24 hours.
Ripple's Lobby Efforts and Legal Challenges
Ripple Labs is actively involved in shaping cryptocurrency policies in the US despite legal disputes with the Securities and Exchange Commission (SEC). The company invested $45 million in lobbying for pro-crypto regulations.
The inclusion of XRP in the US Strategic Crypto Reserve has become a significant event for Ripple, reflecting on market activity and strengthening the company's position in the US.
