XRP started to rally alongside other major crypto assets including Bitcoin BTCR$580,228 and Solana SOLR$1,350.95 following Donald Trump’s victory in the US presidential election on Nov. 5. However, XRP has started to outperform other major tokens.
XRP Chases $2 After Bullish Flag Breakout Leads to New 2024 Highs
On December 1, XRP surpassed Solana in market cap and has since surpassed Tether USDTR$6.06 as well, now becoming the third-largest cryptocurrency asset by total value.
XRP’s extraordinary price performance comes amid a growing number of major partnerships, new product developments from Ripple Labs, the possibility of an XRP ETF, and unconfirmed rumors that Elon Musk would make a major investment in XRP and Ripple.
Asset manager 21Shares has filed an application for an XRP ETF on Nov. 1, 2024, raising investor expectations that the U.S. Securities and Exchange Commission (SEC) — which will likely be under new leadership starting in January 2025 — will approve ETF applications.
$XRP follow me, share and comment 🙏🙏🙏
