• 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

Senators Near Compromise on Stablecoin Yield Issue

chest

Senators negotiating the stablecoin yield issue are making progress, with a draft compromise expected to be released later this week.

user avatarJacob Williams

Bitcoin Surges Past $75,000 Mark Amid Rising Short Liquidations

chest

Bitcoin's price has risen to over $75,000, marking its highest level since early February, driven by significant short liquidations.

user avatarZainab Kamara

Ethereum and Other Cryptos Also Experience Significant Gains

chest

Ethereum and other major cryptocurrencies have seen substantial price increases, contributing to the overall positive sentiment in the crypto market.

user avatarSon Min-ho

Evernorth Collaborates to Introduce Native XRP Lending

chest

Evernorth is collaborating with XRPL developers to introduce native XRP lending through the proposed XLS66 amendment, unlocking up to 100 billion in idle XRP capital for holders.

user avatarAyman Ben Youssef

NHN KCP and Avalanche Join Forces to Create a New Payment-Focused Blockchain

chest

NHN KCP partners with Avalanche to create a new Layer 1 blockchain focused on real-world payments.

user avatarTando Nkube

Nikita Bier's Post Ignites Hopes for Cryptocurrency Integration on X

chest

Nikita Bier's post about launching cryptocurrency integration on X has generated significant buzz in the crypto community.

user avatarKofi Adjeman

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.