What is the next step for XRP?
However, while the majority are bullish, smart money is turning bearish.
Data from CryptoQuant also supports a possible pullback or short-term local peak, as the trading volume of whales to exchanges surged after XRP hit a new cycle high. This indicates that large participants may be taking profits.
XRP rose by 370% after Trump's victory and Gensler's resignation statement.
Before RLUSD potentially gets approved and whales take profits, XRP is at a crossroads.
Ripple [XRP] surged significantly after Trump's victory in November. It has increased by 372% in the past month.
During the same period, its market size expanded nearly fivefold, from $29 billion to $138 billion.
This allowed it to temporarily replace Tether's USDT as the third-largest cryptocurrency by market capitalization. But what are the factors driving the surge and bullish market sentiment?
In short, XRP rose by 370% after Trump's victory and Gensler's resignation statement, and before RLUSD potentially gets approved and whales take profits, XRP is at a crossroads. #XRP市值重回第三 $XRP