🚀 XRP’s Market Cap Hits $108 Billion – Is $2.1 Next for the Altcoin?

🚀 XRP’s Market Cap Breaks $100B Barrier
In the past 24 hours, XRP has achieved a remarkable comeback, with its market cap surpassing $108 billion for the first time since 2018.

🌟 What’s Driving XRP’s Surge?
The recent uptrend aligns with political changes in the U.S., as Donald Trump’s election fueled optimism for better crypto regulations. Speculation about SEC Chairman Gary Gensler stepping down and the Ripple lawsuit being dropped has added to bullish sentiment.

📊 Strong Buying Momentum
XRP’s rally is supported by bullish indicators. The Stoch RSI signaled a crossover 48 hours ago, showing buyers are in control. Open Interest (OI) has hit an all-time high of $3.19 billion, suggesting increased trading activity and strong investor confidence.

🐋 Whale Behavior and Hoarding Trends
Whales are showing hoarding behavior, with the Whale-to-Exchange flow dropping significantly. Similarly, Ripple’s Stock-to-Flow balance turned negative, indicating more assets are moving off exchanges into private wallets.

📈 What’s Next for XRP?
Currently trading at $1.89, XRP has gained over 21% in 24 hours and 262% in the past month. Still 50% below its all-time high of $3.84, XRP appears undervalued, supported by a declining Circulation NVT. If momentum persists, XRP could test resistance at $2.1 soon.