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

XRP: Records and Market Impact

user avatar

by Giorgi Kostiuk

3 months ago


The digital currency XRP, associated with the Ripple network, has recently reached new all-time highs despite market corrections. This success highlights the ongoing growth of the cryptocurrency market and increasing institutional interest.

XRP's Record Surge

Last week, the XRP token reached an all-time high of $3.40 on the Bitstamp exchange, a level not seen in over seven years. XRP's market cap hit $185 billion, making it the third-largest cryptographic asset. Despite long positions accounting for 84% of losses, with $32.5 million liquidated over 24 hours, XRP remains on the rise, up 26% on the week and an astonishing 450.5% on the year.

Institutional Interest and Political Changes

ProShares, a leading provider of funds, recently filed for leveraged, inverse, and futures-based XRP ETFs, indicating heightened institutional interest in the token. On the political front, there is increased support for cryptocurrencies from the Trump administration. This is reinforced by a dinner with Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty with Donald Trump on January 6, described as a 'strong start to 2025.'

Transfers to Binance and SEC Reshuffle

A notable transfer of 40 million XRP valued at $124.8 million to Binance raised public attention, although it was likely an internal transfer. Additionally, Ripple CTO David Schwartz commented on Gary Gensler's exit as SEC Chair, urging the community not to panic.

With a new political climate and regulatory attitude, XRP is primed for a promising future.David Schwartz

The steady growth of XRP, backed by institutional interest and political changes, emphasizes its significance in the cryptocurrency market. Future events may play a key role in shaping the trajectory of XRP and Ripple.

0

Share

Other news

MAGACOINFINANCE: Crypto Investors Turning Attention to New Token

The cryptocurrency MAGACOINFINANCE is drawing attention as XRP and Solana continue to show strength.

user avatarGiorgi Kostiuk

15 minutes ago

AI Agents from Unstaked: Revolutionizing Crypto Usage

Unstaked introduces AI agents that promise automation and real results for users in the crypto world.

user avatarGiorgi Kostiuk

19 minutes ago

Michael Saylor: BlackRock IBIT Could Become the Largest ETF in the World

Michael Saylor predicts BlackRock's Bitcoin ETF will rank first among ETFs within ten years.

user avatarGiorgi Kostiuk

36 minutes ago

DeFi Development Corp Plans to Raise $1 Billion for Solana Token Purchases

DeFi Development Corp files with SEC to raise $1 billion targeting an increase in its Solana token holdings.

user avatarGiorgi Kostiuk

36 minutes ago

Raphael Coin Unveils Tokenized Renaissance Piece: A New Era for Art

Raphael Coin has launched the token 'Recto: Study for the Battle of the Milvian Bridge', offering fractional ownership of a Renaissance artwork.

user avatarGiorgi Kostiuk

37 minutes ago

MAGACOINFINANCE: New Opportunities and Growth Predictions

Analysis of the growing interest in MAGACOINFINANCE and the opportunities it offers against other cryptocurrencies.

user avatarGiorgi Kostiuk

38 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.