As of November 29, 2024, XRP has experienced significant price movements influenced by several key developments:

1. 🚀 Launch of WisdomTree’s XRP ETP in Europe

WisdomTree introduced the XRP-backed ETP (XRPW) on major European exchanges like Deutsche Börse Xetra and SIX. This institutional product boosts demand and positively impacts XRP’s price.

2. 🇺🇸 Anticipation of Favorable U.S. Regulatory Changes

Trump’s re-election has raised hopes for crypto-friendly policies, benefiting XRP amid its legal challenges with the SEC. Investors are optimistic about favorable outcomes, driving the surge.

3. 🐋 Increased Activity Among XRP Whale Wallets

Whale wallets (10-100M XRP) have grown from 1,537 to 1,565, signaling bullish sentiment and growing confidence in XRP’s future prospects.

4. 📈 Technical Breakthroughs in XRP’s Price Chart

XRP surpassed key resistance levels, including the 100-hour Simple Moving Average and the $1.4450 trend line, fueling bullish momentum and pushing prices toward $1.60.

These factors reflect strong market sentiment and technical indicators driving XRP’s price upward.