Novinky

According to Cointelegraph, Ripple has made a strategic investment in Bitwise's XRP exchange-traded product (ETP) as the issuer rebrands its offering to enhance its foothold in the European market. On November 7, Bitwise announced the rebranding of its European XRP ETP, previously known as the ETC Group Physical XRP, to the Bitwise Physical XRP ETP. The ticker symbol, GXRP, will remain unchanged.This development follows Bitwise's entry into the European market in August, marked by its acquisition of the ETC Group, a crypto investment firm managing $1 billion in assets. The firm's portfolio includes physical crypto ETPs such as the Bitcoin ETP (BTCE), Ethereum with staking (ET32), Solana (ESOL), MSCI Digital Assets Select 20 (DA20), and GXRP. A physical ETP is a financial product that tracks the performance of underlying assets, which are also purchased and held by the issuer.The Bitwise Physical XRP ETP aims to provide European investors with exposure to XRP through a physically backed product that holds the underlying asset. Bitwise co-founder and CEO Hunter Horsley expressed enthusiasm about offering investors access to XRP and the XRP Ledger, which he described as some of the most familiar and trusted blockchains in the industry. Horsley emphasized the institutional quality of the Bitwise Physical XRP ETP (GXRP) as a key feature for investors.In addition to the rebranding of the XRP ETP, Bitwise plans to revamp its entire European ETP portfolio as part of its strategy to expand operations across the continent. The company reported significant growth in 2024, with over $10 billion in total client assets, and announced plans to launch more institutional-grade crypto ETPs. Bitwise has been actively expanding its crypto-based offerings, launching its first Aptos staking ETP on November 12 and filing an S-1 registration for an ETF tied to Bitcoin (BTC) and Ether (ETH) on November 26.Ripple's investment in GXRP is a notable aspect of this development. Although the financial specifics of the investment were not disclosed, Ripple CEO Brad Garlinghouse highlighted a growing global demand for crypto-backed investment products in 2024. Garlinghouse noted that with the US regulatory environment for crypto becoming clearer, this trend is expected to accelerate, further boosting demand for crypto ETPs like the Bitwise Physical XRP ETP.

According to U.Today, Ripple CEO Brad Garlinghouse has announced his upcoming appearance on the renowned television program '60 Minutes.' The full episode featuring Garlinghouse is expected to air soon, marking a significant moment for Ripple as it seeks to gain broader mainstream recognition. '60 Minutes,' which first aired in 1968, is celebrated as one of the most successful and longest-running primetime broadcasts in television history. The show, now in its 57th season, was originally created by American television news producer Don Hewitt, who innovated the format by combining multiple shorter segments within a single episode. Garlinghouse revealed that his interview with '60 Minutes' will focus on the cryptocurrency industry and its ongoing efforts to achieve regulatory clarity. This interview comes at a time when XRP, Ripple's native token, has experienced a significant rally, reaching a multi-year high of $1.60. The surge in XRP's value is attributed to the anticipated leadership change at the U.S. Securities and Exchange Commission (SEC) and the increasing buzz around cryptocurrency exchange-traded funds (ETFs). The appearance on '60 Minutes' is expected to further elevate Ripple's profile in the mainstream media. The program, known for its diverse range of topics and high-profile interviews, currently features full-time hosts Scott Pelley and Lesley Stahl. In the past, '60 Minutes' has covered various subjects related to cryptocurrency, including a notable episode in May 2019 that featured Anderson Cooper interviewing prominent Bitcoin figures. This included Laszlo Hanyecz, the developer known for his famous 2010 transaction of 10,000 BTC for two pizzas. Garlinghouse's upcoming interview is anticipated to shed light on Ripple's position within the crypto industry and its future prospects amid evolving regulatory landscapes.

According to U.Today, Ripple's Chief Technology Officer, David Schwartz, has addressed concerns following a recent incident on the XRP Ledger (XRPL) that caused nodes to halt or fail to progress temporarily. The incident prompted Bill Morgan, an XRP enthusiast and attorney, to seek clarification on the terminology used by developers, specifically the distinction between the network being "halted" versus "down." Schwartz explained that the key difference lies in whether the network continues to produce valid ledgers. He noted that while technical arguments can be made, the system's utility is compromised if users cannot confirm the irrevocable completion of payments. The incident began at 2:45 p.m. on November 25, when Wietse Wind, a prominent XRPL developer, tweeted that the XRPL was partially down. He reported that all Full History servers, including those operated by Ripple, were not functioning, and Ripple's cluster was also experiencing issues with the current ledger. Wind later updated that node operators were experiencing halts or crashes, but the ledger appeared to stabilize as nodes resumed and picked up a new consensus ledger. He mentioned that ledgers numbered 92346896 to 92347095 might have been lost. Further updates from Wind indicated that XRPL nodes were going down regardless of their type, including full history, current ledger, pathfinding, and submission nodes. He assured that investigations would be conducted to determine the cause of the halt. Approximately 40 minutes after the initial report, Wind noted that the XRP Ledger seemed to have recovered independently, with most nodes back on a consensus ledger and closing ledgers again. He confirmed that Full History nodes were syncing back fully, suggesting no ledgers were lost, and the network was returning to normal. In response to the incident, Brad Chase, Vice President of Engineering at RippleX, stated that the team is investigating the root cause and working on a fix. He promised to provide more updates as additional information becomes available. Chase also advised XRPL node operators and validators to update their infrastructure to the latest 2.3.0 rippled release promptly. He mentioned that more details on the root cause might be disclosed after the network adopts the fix to ensure safety. At the time of reporting, further specifics about the incident were not yet available.

According to CoinDesk, XRP has outperformed bitcoin (BTC) and other major cryptocurrencies in the past 24 hours following the launch of a money market fund on the XRP Ledger by regulated crypto broker and custodian Archax. This initiative marks a first for the network and involves collaboration with Ripple Labs and Abrdn. Archax has introduced Abrdn’s U.S. dollar Liquidity Fund (Lux) in a tokenized form on the XRP Ledger (XRPL). Ripple has committed $5 million worth of tokens into Abrdn’s Lux fund, which is part of a broader allocation to real-world assets (RWAs) on the XRPL.The price of XRP surged by 6%, reaching a high of $1.49 shortly after the announcement, although it later experienced a decline amid a market-wide drop. Over the past week, XRP has risen by 27% and has more than doubled in value over the last two weeks, driven by several positive developments. Real-world assets (RWAs) refer to tangible or financial assets such as real estate, commodities, or bonds that exist outside the digital realm but can be represented as tokens on a blockchain. This tokenization process facilitates fractional ownership, enhances liquidity, and simplifies the transfer of these assets.A money market involves the trading of short-term, high-quality debt instruments like Treasury bills, commercial paper, and certificates of deposit, primarily used by large institutions to manage their short-term cash needs. Archax has been utilizing Ripple’s digital assets custody services since 2022. The Lux fund currently manages over $3.8 billion in assets, according to a release. The introduction of the tokenized money market fund on the XRPL is seen as a significant step forward in the growth of real-world asset tokenization, a sector that is gaining considerable attention in the crypto industry.A report by global consulting firm McKinsey & Company in July projected that the tokenized asset market could reach $4 trillion in an optimistic scenario by 2030. Additionally, Boston Consulting Group and 21Shares have forecasted that the market for tokenized assets could exceed $10 trillion by the end of the decade, as previously reported by CoinDesk.

According to Foresight News, Ripple's Chief Legal Officer, Stuart Alderoty, has criticized the U.S. Securities and Exchange Commission (SEC) for boasting about its record fines. Alderoty compared the SEC's pride in these penalties to a professor bragging about having the highest failure rate and most cheating scandals in their class. He argued that such metrics do not indicate success but rather highlight significant regulatory failures driven by improper incentives.The SEC reported that it initiated 583 enforcement actions in the fiscal year 2024, securing financial remedies totaling $8.2 billion, marking the highest amount in the agency's history. Alderoty's comments reflect ongoing tensions between Ripple and the SEC, as the regulatory body continues to enforce strict measures within the financial sector. The debate underscores broader concerns about the effectiveness and motivations behind regulatory actions, with critics like Alderoty questioning whether the focus on penalties truly serves the public interest or merely reflects a flawed regulatory approach.

According to U.Today, Ripple whales have significantly increased their holdings by purchasing over 50 million XRP tokens over the weekend. Crypto analyst Ali Martinez, referencing data from Santiment, highlighted this trend, noting that the total balance of wallets holding between 1 million to 10 million XRP has surged to 4.29 billion tokens. This increase in whale activity coincides with a notable rally in XRP's price.Since November 12, XRP's price has broken out of a long-standing triangle pattern that had been forming since 2018. This breakout led to a dramatic price increase, with XRP soaring by 131% to reach a high of $1.63. During this period, whales absorbed approximately 460 million XRP, with 50 million of these tokens being acquired over the recent weekend. This accumulation by large holders raises questions about the relationship between whale activity and the cryptocurrency's price movements.The recent surge in XRP's price and the corresponding whale accumulation suggest a complex interplay between market dynamics and investor behaviour. While the sudden price rise may have been unexpected, the continued buying by whales indicates that they may have insights into the factors driving the rally. The growing interest in XRP among large holders reflects a changing market outlook, although the sustainability of this trend will depend on broader market conditions and other influencing factors.

According to U.Today, XRP has experienced a significant surge recently, reaching notable highs and boosting market confidence. However, technical analysis and current on-chain metrics suggest that this rally might be nearing its end. Three key factors indicate a potential reversal.Firstly, the recent price increase of XRP has not been accompanied by a steady rise in trading volume. Although the price managed to surpass $1.06 before pulling back, the volume has been decreasing over the past few sessions. This lack of consistent buying interest suggests that bullish momentum may soon diminish, often signaling market exhaustion.Secondly, on-chain data reveals a significant drop in the volume of XRP payments after peaking in mid-November. This decline in activity is mirrored by a reduction in the number of active accounts, indicating decreased network usage. A fall in transaction volume within the XRP ecosystem could weaken the price's underlying support, potentially leading to a correction.Lastly, XRP's Relative Strength Index (RSI) is currently at 85, remaining in the overbought zone for an extended period. High RSI values typically indicate an overheated market, making the asset vulnerable to a downturn. Profit-taking at these levels could further drive the price down as bearish forces gain control.The $1.50 level is crucial for XRP's support, with the next significant support around $1.20. If the price breaks below this range, it may result in a more severe correction. However, if buyers step in to defend the $1.05 level, XRP might consolidate before attempting another rally.Despite XRP's impressive recent performance, caution is advised due to warning signs such as declining volume, reduced payment activity, and overbought technical indicators. Investors should closely monitor these metrics to assess the sustainability of the current uptrend.

According to BlockBeats, on November 26, FOX journalist Eleanor Terrett announced on social media that global ETF provider WisdomTree has registered an XRP ETF in Delaware. Terrett confirmed with the company that this is a legitimate filing.

According to Odaily, recent data disclosed by CryptoQuant on the X platform reveals that XRP's open interest has surged to an unprecedented $1.8 billion. Analysts suggest that this record-breaking level of open interest is driven by a combination of market factors.The significant increase in XRP's open interest indicates heightened activity and interest in the cryptocurrency market. This surge is attributed to various elements influencing the market dynamics, which have collectively contributed to this historic peak. The data highlights the growing engagement and speculative interest in XRP, reflecting broader trends within the cryptocurrency sector.As the market continues to evolve, the implications of such a high level of open interest are being closely monitored by analysts and investors alike. The record-setting figure underscores the importance of understanding the underlying factors that drive market movements and the potential impact on future trading activities. This development is a testament to the dynamic nature of the cryptocurrency landscape and the ongoing interest in digital assets like XRP.

According to U.Today, XRP has recently experienced a significant surge, nearing the crucial $2 mark, suggesting a potential breakthrough in the coming days or weeks. The current market chart indicates a bullish momentum, with XRP breaking through important resistance levels on the daily chart. As long as the market maintains its upward trajectory and buyers sustain their momentum, the technical path to $2 remains open. After recently surpassing $1.20, the next resistance level is approximately $1.50. If XRP manages to break through this zone, it may approach the psychological $2 mark, making it a critical level to monitor.During its recent rally, XRP transformed prior resistance levels into support, which will be crucial to maintaining the broader uptrend in case of any price pullbacks. The Relative Strength Index (RSI) is currently in overbought territory, suggesting that the rally might experience brief consolidation or a minor retracement before continuing its upward movement. Despite this, trading volumes remain robust, reflecting strong buyer confidence and active market participation. The 50-day Exponential Moving Average (EMA) is significantly higher than the 100- and 200-day EMAs, indicating a bullish alignment of moving averages that supports the sustainability of the current trend.Technically, XRP appears to have a path to $2, but certain conditions must be met first. The asset needs to maintain high buyer interest while convincingly breaking through the $1.50 resistance level. A decline below $1.00 could trigger a broader correction, halting the rally. Overall, XRP is well-positioned for continued growth. Traders should closely monitor the $1.00 support and $1.50 resistance levels to predict the next moves. If the bullish trend persists, reaching $2 for XRP could become a reality soon.

According to U.Today, Ripple's Chief Legal Officer, Stuart Alderoty, recently shared an image on his social media account that sparked a flurry of reactions from the XRP community. The image, which Alderoty humorously titled "Not a Security," is a parody of Maurizio Cattelan’s famous artwork "Comedian," which was sold to crypto billionaire Justin Sun for $6.2 million. Alderoty's version features an orange taped to a canvas, a nod to the original piece that used a banana.Alderoty's post is seen as a satirical jab at the U.S. Securities and Exchange Commission (SEC) and its chairman, Gary Gensler. The SEC has been embroiled in a legal battle with Ripple, claiming that the company has been selling XRP as an unregistered security. This ongoing dispute has led to significant fines and legal challenges for Ripple. However, in a notable development in July 2023, Federal Judge Analisa Torres ruled that XRP sales on secondary markets did not constitute security sales, a decision that Ripple welcomed. Despite this, the SEC has continued its legal pursuit, appealing to the U.S. Supreme Court.In a related development, Gary Gensler announced his resignation as SEC chair, effective January 20, 2025. This news was met with enthusiasm by the XRP community, including Ripple CEO Brad Garlinghouse, who expressed his gratitude for Gensler's departure in a Thanksgiving message. The resignation marks a significant moment for Ripple and its supporters, who have long criticized Gensler's stance on cryptocurrencies. As the legal battles continue, the XRP community remains hopeful for a more favorable regulatory environment in the future.

According to U.Today, XRP is nearing a significant technical pattern known as a "golden cross" in its Bitcoin (BTC) pairing. This pattern, typically seen as a bullish indicator, occurs when a short-term moving average crosses above a long-term moving average, suggesting potential upward momentum. On the XRP vs. BTC chart, the 50-day simple moving average (SMA) is poised to cross above the 200-day SMA, indicating that a golden cross is likely to occur soon. This development could signal further price gains for XRP against Bitcoin, particularly if the broader cryptocurrency market remains favorable. The anticipation of a golden cross comes as XRP and other altcoins are experiencing notable rallies. According to Santiment, while Bitcoin has been making headlines, altcoins like XRP are rapidly increasing their market caps. As long as Bitcoin maintains a support level of $95,000, profits are expected to continue flowing into altcoins throughout November. XRP has been outperforming Bitcoin in recent weeks, with a 61% weekly gain compared to Bitcoin's 9% increase. Since November 12, XRP has been rising against Bitcoin, reaching a high of $0.00001522 in today's trading session, a level not seen since early December 2023. In addition to technical patterns, recent developments have also contributed to XRP's surge. Select altcoins, including XRP, soared in the last 24 hours following the announcement by SEC Chair Gary Gensler that he plans to step down. XRP increased by as much as 30% on Friday after Gensler's statement. Ripple, the company behind XRP, has been involved in a prolonged legal battle with the SEC over the status of digital assets. At the time of writing, XRP was up 25.76% in the last 24 hours, trading at $1.42. Meanwhile, Bitcoin was trading at $97,563 after reaching an all-time high of $99,543. These developments highlight the dynamic nature of the cryptocurrency market and the potential for significant price movements in response to both technical indicators and regulatory news.

According to U.Today, the volume of XRP payments between accounts has significantly decreased over the past four days, dropping by more than two million. This decline follows a period of heightened activity on the XRP Ledger, raising concerns about the sustainability of the recent price increase and on-chain performance. Earlier this month, XRP experienced a notable rise in active accounts, completed transactions, and XRP burned on fees, coinciding with a remarkable price spike. However, the recent drop in payment volume may suggest a halt in transactions or a shift in market participant behavior. In early November, the payment volume graph displayed significant peaks, likely driven by increased trading and whale movements, but these have since diminished. The inability of XRP to maintain its steep upward trajectory could indicate that the buying momentum has waned. A decline in payment volumes is often linked to institutional and retail participants not following through. Despite this, XRP has managed to maintain a trading level of approximately $1.11, following its impressive rise from $0.50 earlier this month. This stability, despite reduced payment volume, suggests that the overall market sentiment remains cautiously optimistic. The volume profile supports this view, showing lower trading activity compared to the rising phase. Additionally, the asset remains in the overbought zone according to the Relative Strength Index (RSI), which could indicate a potential correction. Key levels to monitor include $0.90 and $0.78 if XRP fails to maintain support at $1.00. Despite the current on-chain situation, XRP continues to be one of the strongest assets in the market and could potentially lead a swift market ascent.

According to PANews, WisdomTree Investments, a global asset management firm, has announced the launch of its new exchange-traded product, WisdomTree Physical XRP ETP (XRPW). This product will be available on several European exchanges, including Deutsche Börse Xetra, SIX Swiss Exchange, and Euronext. The management fee for this ETP is set at 0.50%.The WisdomTree Physical XRP ETP is fully backed by spot XRP, with assets securely stored in cold wallets. The product employs a dual custody model, ensuring that regulated custodians manage the assets. This launch marks an expansion of WisdomTree's investment portfolio, which now includes nine cryptocurrency ETPs. These ETPs cover a range of digital currencies, such as Bitcoin, Solana, and Ethereum, reflecting the firm's commitment to diversifying its offerings in the growing cryptocurrency market.

XRP has seen a sharp price correction, dropping 6.55% in the last 24 hours to $1.10 on Nov. 19. This pullback comes after retesting a three-year high of $1.26, driven by profit-taking and controversy surrounding Ripple Labs.Profit-Taking After Overbought RallyXRP’s price has cooled following a staggering 149% rally in November, primarily fueled by market optimism after Donald Trump’s reelection. The rally pushed XRP’s relative strength index (RSI) above 70, signaling "overbought" conditions.An overbought RSI often triggers profit-taking, leading to a price correction or consolidation. XRP has formed a bull pennant on the four-hour chart, hinting at a potential rally to $1.57 by December if the price breaks above the pennant’s upper trendline. However, breaking below the lower trendline could see XRP drop to its 50-4H EMA at $0.52 — a nearly 50% downside.Ripple-Trump Meeting Sparks ConcernsXRP’s decline coincides with rumors of a meeting between Ripple Labs CEO Brad Garlinghouse and President-elect Donald Trump. The news has sparked concerns in the crypto community, with critics warning of Ripple’s perceived alignment with centralization, including its potential association with central bank digital currencies (CBDCs).Prominent crypto figures, including Ryan Selkis and Pierre Rochard, have accused Ripple of promoting anti-Bitcoin narratives. This perception has fueled skepticism among investors, potentially pressuring XRP’s market dominance, which has seen a decline during this correction.Outlook for XRPDespite the correction, XRP’s technical setup remains bullish if it holds above the pennant’s lower trendline. Traders are eyeing $1.57 as the next key target, representing a potential 40% upside. However, controversies and market sentiment could introduce further volatility.As the market digests Ripple-related news, investors remain cautious, balancing technical optimism with the broader regulatory and narrative concerns surrounding XRP, according to Cointelegraph.

According to U.Today, the cryptocurrency XRP has captured significant attention recently, experiencing a remarkable price surge of over 80%. This surge propelled XRP to a peak of $1.265 per token, marking its highest value in three years. The renewed interest in XRP is attributed to both the fervent market response and regulatory developments within the U.S. political landscape. This combination has driven the token to gain unprecedented momentum and attention. The recent price movement has seen XRP break out of a prolonged triangle accumulation pattern that has persisted since 2018. This breakout is considered one of the most significant in XRP's history, suggesting that the current rise may not yet be over. Despite a healthy 20% correction to $1, where buying interest re-emerged, the token's price trajectory remains promising. A golden cross is forming on XRP's weekly price chart, a pattern where the 50-day moving average crosses above the 200-day moving average. This formation is often seen as a bullish indicator, suggesting potential for further price increases. The occurrence of a golden cross on a weekly chart is rare, especially for an asset like XRP, which has a trading history spanning over a decade. However, it is important to note that while a golden cross can signal an upcoming rally, it can also mark the end of a price surge, as seen in April 2021 when XRP's price peaked at $1.97 after a similar pattern. Despite this, the current market dynamics and technical indicators suggest that XRP's recent price action could lead to further gains, keeping investors and market participants closely watching its developments.

According to U.Today, SBI Holdings CEO Yoshitaka Kitao has suggested that Ripple, a prominent enterprise blockchain company, should consider preparing for an initial public offering (IPO) once its legal issues with the U.S. Securities and Exchange Commission (SEC) are resolved. The SEC recently filed a notice of appeal in the ongoing case against Ripple, prolonging the legal battle. However, there is speculation that the regulatory challenges may soon be lifted, as some legal analysts anticipate the SEC might drop the appeal due to potential changes in its leadership.Despite the ongoing legal uncertainties, discussions about Ripple's potential IPO have emerged. Ripple CEO Brad Garlinghouse has previously mentioned that going public is not an immediate priority for the company, citing its strong financial position as a reason to delay such a move. However, he has not entirely dismissed the possibility of an IPO in the future. In 2022, Garlinghouse indicated that Ripple would explore an IPO after the SEC lawsuit concluded, and he has expressed a vision of Ripple becoming a public company eventually. In early 2020, he predicted that Ripple would hold an IPO within a year, but the SEC's legal actions disrupted these plans. Currently, Ripple appears to be adopting a cautious approach regarding its IPO ambitions, waiting for a clearer resolution of its legal situation.

According to U.Today, XRP has experienced a significant surge, surpassing the $1 mark and reaching a three-year high. This increase has propelled XRP to the sixth position in the cryptocurrency rankings by market capitalization, overtaking Dogecoin. The cryptocurrency's price has soared by over 85% in the past week, reaching a peak of $1.268, a level last seen on November 11, 2021. The surge is attributed to favorable regulatory developments and increased activity from large holders, commonly referred to as 'whales.' The ongoing legal battle between the SEC and Ripple has significantly impacted XRP. However, recent developments suggest a potentially more favorable regulatory environment. A lawsuit filed by a coalition of state attorneys general and the DeFi Education Fund against the SEC challenges the regulator's authority over digital assets, indicating a shift in the regulatory landscape. According to Santiment, the recent price rally is driven by key whale and shark wallets holding between 1 million to 100 million XRP tokens. This group has accumulated an additional 453.3 million XRP, valued at $526.3 million, over the past week. While large holders are increasing their XRP holdings, retail traders have been selling off their tokens during minor rallies. Wallets with less than a million XRP have offloaded 75.7 million tokens, worth $87.9 million, during this period. Historically, when key stakeholders increase their holdings, it often leads to favorable market cap growth, which is currently the case for XRP. The cryptocurrency's market capitalization has risen to $60.39 billion, surpassing Dogecoin's $53.29 billion, and marking a significant milestone as it breaks the psychological $1 level. The bullish momentum for XRP is seen as a strong positive signal, with potential resistance levels at $1.50 and $2 if the upward trend continues. However, there is a possibility of a price retracement if profit-taking occurs. In such a scenario, support is expected around the $1 mark in the intermediate term. The recent developments and market dynamics highlight the volatility and rapid changes in the cryptocurrency landscape, with XRP's recent performance underscoring its potential for further growth.

According to Odaily, Ripple and its CEO, Brad Garlinghouse, are approaching a critical phase in certain class-action lawsuits, which could influence their ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). On Thursday, Judge Phyllis Hamilton approved a final judgment for the resolved class-action lawsuits and ordered a stay on the remaining unresolved cases. This decision accelerates the timeline for the class-action lawsuits and sets the stage for a trial beginning on January 21, 2025. The plaintiffs in the class-action lawsuits argue that Ripple sold XRP without registration from 2017 to 2023, allegedly violating federal and California securities laws. Analysts suggest that the final judgment in this case could have a ripple effect on a similar lawsuit filed by the SEC in 2020. Specifically, a ruling in favor of Ripple could significantly bolster its defense against the SEC's allegations of violating federal securities laws.

According to BlockBeats, on November 16, prominent trader Eugene Ng Ah Sio shared insights on social media regarding the unexpected performance of certain cryptocurrencies. Ng highlighted that XRP, ADA, and DOGE have significantly outperformed other assets that were popular within the crypto Twitter community at the onset of the bull market. This development was not anticipated by Ng, yet he expressed his acceptance of the surprising trend.Ng's observations underscore a shift in market dynamics, where these cryptocurrencies have gained traction and surpassed expectations. The performance of XRP, ADA, and DOGE has caught the attention of traders and investors alike, as they continue to demonstrate resilience and growth in the evolving market landscape. This unexpected trend challenges previous assumptions about which assets would lead the market during this phase of the bull cycle.The commentary from Ng reflects a broader sentiment within the trading community, where adaptability and openness to market shifts are crucial. As the market continues to evolve, traders are encouraged to remain vigilant and responsive to emerging trends that may defy initial predictions. The success of XRP, ADA, and DOGE serves as a reminder of the dynamic nature of the cryptocurrency market and the importance of staying informed and flexible in investment strategies.