PANews reported on December 13 that Nexo research analyst Iliya Kalchev recently stated that the significant increase in XRP open interest indicates a continuing enhancement of its appeal, an expanding investor base, and increased trading activity. This surge is believed to be related to favorable regulatory progress and a rebound in the cryptocurrency market. Furthermore, Kalchev believes that the fundamental advantages and popularity of XRP are key driving factors for its growth.
According to Coingecko data, XRP has repeatedly broken the $2 mark since December and has become one of the best-performing altcoins in the past 30 days. Meanwhile, Ripple's approval from the New York State Department of Financial Services (NYDFS) to launch the RLUSD stablecoin has further boosted market confidence. It is noteworthy that XRP offers an annualized return of up to 12% on Nexo's financial products, providing investors with additional income opportunities and attracting user attention. Kalchev stated that the movement of XRP will depend on Ripple's strategy and market maturity, with current trends indicating that its growth and relevance may continue.
