XRP ANALYST SAY "SOMETHING BIG IS COMING":
XRP analyst Paul Barron is hinting at something significant on the horizon for XRP. He points to a "perfect storm" brewing, driven by substantial growth in trustlines on the XRP Ledger (XRPL).
Trustlines, which enable lending relationships on XRPL, have seen a dramatic surge since December. This, combined with rising decentralized exchange (DEX) volume and increasing active addresses, suggests expanding adoption and usage of the network.
Barron notes that the surge in trustlines began in December as users started recognizing the network's potential.
He also mentions that profit-taking by former XRP holders earlier in the year gave way to new participants entering the market in December, leading to a revival in activity.
While it's unclear what exactly Barron means by "something big," his analysis suggests that XRP's underlying technology and ecosystem are gaining momentum. As the cryptocurrency market enters 2025, all eyes will be on XRP's performance and whether it can maintain its growth trajectory.