• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

XRP Cryptocurrency Hits New Peak Due to ETF Buzz

user avatar

by Giorgi Kostiuk

a year ago

XRP, the third-largest cryptocurrency by market capitalization, has seen a significant increase, rising over 12% in the past day.

XRP Price Surge

According to CoinGecko data, the token reached an intraday high of $2.87, its highest level since December 3. This spike is attributed to ongoing ETF rumors.

ETF Market Impact

Anticipation around an ETF grows following a prediction from JPMorgan, suggesting that an XRP-backed ETF could attract up to $8 billion in investments.

Analytics and Forecasts

Santiment analytics highlights that the current rally is supported by 'continued enormous accumulation' among crypto wallets holding between 1 and 10 million tokens. These wallets now hold 37% more coins than they did two months ago. Additionally, the upcoming resignation of SEC Chair Gary Gensler provides further market dynamics.

XRP is now only 16% away from reaching a new all-time high after seven years, making its current position particularly noteworthy amid these unfolding events.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ethereum Spot ETFs Face Notable Withdrawals.

chest

US Ethereum spot ETFs experienced significant capital outflows, with over $103 million exiting the funds, leading to a weekly netflow drop to just $66 million.

user avatarMohamed Farouk

Bitcoin Price Drops Below $80,000 as Spot ETF Outflows Increase

chest

Bitcoin's price has fallen below $80,000 as significant capital exits from US spot ETFs.

user avatarBayarjavkhlan Ganbaatar

Ethereum's Holder Count Surpasses Bitcoin's by 32 Times

chest

Ethereum's holder count has surpassed Bitcoin's by 32 times, with over 18.9 million non-empty addresses recorded.

user avatarElias Mukuru

Market Sentiment Shifts, Impacting XRP Price Performance

chest

Recent shifts in market sentiment have led to a pullback in XRP's price, despite strong buying activity in futures positions.

user avatarDiego Alvarez

Michael Saylor's Strategy Could Acquire $30 Billion in Bitcoin

chest

JPMorgan analysts predict that Michael Saylor's Strategy could purchase approximately $30 billion worth of Bitcoin this year if the current acquisition pace continues.

user avatarKenji Takahashi

Russell 2000 Breakout Signals New Bitcoin Bull Market

chest

Bull Theory suggests that the recent breakout in the Russell 2000 index signals the onset of another major Bitcoin bull market.

user avatarMaria Fernandez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.