$XRP

Can XRP rise 400% in a single month, can you still get in?

Recently, XRP's performance has been remarkable, with its market capitalization surpassing USDT and Solana on December 2, making it the third-largest cryptocurrency by market cap, even surpassing Pinduoduo, ranking 138th among global mainstream assets. The price of XRP has increased by 400% in just one month, breaking the $2 mark and reaching a new high since April 2021.

Behind this wave of increase, Ripple's CEO mentioned that the Trump administration might bring new hope to the cryptocurrency industry. Many investors were surprised at how quickly XRP rebounded. As early as the beginning of November, the price of XRP was still around $0.5, but after the CEO's remarks on November 10, the price skyrocketed.

At the same time, XRP's trading volume on major exchanges has also been very active. The XRP/KRW spot trading volume on the Korean exchange Upbit reached $3.8 billion, far exceeding BTC's trading volume; Bithumb's XRP trading volume also performed well, accounting for 32% of its total trading volume.

According to xrpscan data, the number of active XRP accounts increased by 100% in November, indicating a surge of new users on the network. The number of active accounts rose from 15,592 on November 1 to 47,044 on November 16, showing signs of positive recovery.

Ripple's CEO predicted all of this as early as the beginning of November, believing that the Trump administration could provide a turning point for XRP. So, can one still consider buying XRP now? The price and trading volume of XRP show an inverse correlation, indicating that XRP is undergoing a distribution phase, and market traders may be looking to sell.