Recently, the cryptocurrency market has welcomed a new wave of enthusiasm, among which XRP stands out the most. According to the latest data, XRP not only topped the hot list but also achieved a maximum increase of 13% within the day. This increase has not only made XRP the market focus but also indicates that the revival of established altcoins may be on the horizon.
Strong performance of XRP
The recent rise of XRP is supported by multiple factors. First, the change in market sentiment is undoubtedly the most direct driving force. As Bitcoin prices continue to hit new highs, breaking the $99,000 mark, the activity in the entire cryptocurrency market has increased, and established altcoins are also emerging, with XRP's performance being particularly eye-catching. According to Bitget market data, XRP has broken through 1.4 USDT, currently quoted at 1.416 USDT, with a 24-hour increase of over 30%.
Market expectations for XRP
Moreover, XRP's recent strong rise is also related to the market's optimistic expectations regarding the SEC lawsuit outcome. Ripple CEO Brad Garlinghouse's statements during interviews, along with the market's anticipation of a meeting between Trump and Garlinghouse, indirectly indicate a positive attitude from the community towards XRP's future development. This optimism, combined with XRP's consecutive victories in the SEC case, provides strong support for XRP's price increase.
Market performance of XRP
The market performance of XRP has also been confirmed by data. According to Kaiko data, as of November 18, the weekly trading volume of altcoins surged to over $300 billion for the first time since 2021, with XRP accounting for 60% of the total trading volume. Since November, XRP has risen from around $0.50 to a peak of $1.435, a gain of 182.4%, reaching a new high in over three years.
Future outlook
If this trend continues, the revival of established coins interwoven with the activity of trending tokens may lead to a broader 'altcoin season' in the future market. For investors, this is undoubtedly a signal worth paying attention to.
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