BTC has been hovering between 92k and 100k, and this period is mainly reserved for altcoins to perform, so let's not waste the goodwill of the altcoin market. XRP surged 3.5 times in a month, knocking Solana down! Unveiling the complete history of XRP's price surges! After reading this, you may know whether XRP will continue to surge.
XRP's month-long surge is clearly the result of market manipulation by major players, not a normal market phenomenon. Looking back a bit further, on November 6th, XRP was only $0.5, and by December 2nd, it shot up to $2.35! Is such a massive surge typical for large cryptocurrencies? What kind of news supported this? Below, I will discuss the methods used in XRP's price surge:
First, XRP started to surge on October 6th, so we will look at it from that day. I have divided the price surge of $XRP into two phases based on the situation: 1. Consolidation — the two weeks before November 6th.
2. Price surge — from November 6th to now.
XRP has strong financial strength and community foundation. Summarizing various news, the core reasons for the recent explosion are several favorable factors converging:
1. SEC personnel change;
2. The head of XRP becomes Trump's crypto advisor;
3. XRP wins the lawsuit against the SEC;
4. XRP has solid business and cash flow, and there is no pressure for the price surge; the company's cash exceeds 10 billion;
5. Short-term BTC is consolidating upwards, and market sentiment is optimistic.
How will XRP be manipulated in the future? 1. Look at the form of publicity. From what I've observed, the publicity before the price surge of $XRP may involve frequent announcements of various partnerships with CEOs shouting out and hosting events, similar to this — pay attention if you see it. 2. Watch the progress of XRP sponsoring members related to the U.S. elections. 3. Monitor the growth of its stablecoin and institutional business.
XRP's market cap has broken 100 billion, ranking third, and many old players are extremely excited, starting to invest in EOS, LTC, and even BTS and XLM. Those who have heard of these two coins have experienced two rounds of bull and bear markets, but will these coins become the next XRP?
We can see that over the past few years, XRP's on-chain activity has been very active, even surpassing BTC and ETH, mainly used in interbank financial transactions.
XRP, BTC, and ETH have spent nearly a decade confirming that digital assets have their own valuation methods, which is the degree of on-chain usage. Whether it's community traffic or high concurrency, all have been proven false by time; time is the ultimate standard for testing everything.
It is worth noting that most POW coins have frequent on-chain transactions, especially public chains and platform tokens that carry launch businesses, which can easily become the next XRP. With the dramatic rise and fall of BTC, value is returning; overhyped speculative coins are dropping to zero, while the often overlooked 'utility coins' are rising and strengthening.
