In recent days, altcoins have experienced incredible surges ๐. In this scenario, well-established altcoins like XRP and Tron (TRX) have caught attention, and the reasons behind these increases spark curiosity ๐ค.
Although South Korea comes to mind first when talking about sudden price increases in older altcoins like XRP ๐ฐ๐ท, analysts point out that there are other factors behind these movements.
Experts highlight that investors from the United States, in addition to South Korea, also contributed to the impressive rally of XRP ๐บ๐ธ.
CryptoQuant CEO, Ki Young Ju, stated that whales (large investors) were active on Coinbase, indicating that Americans also played a significant role in this increase ๐.
According to Coindesk, FRNT analysts suggest that the growing activity on American exchanges also boosted the rise of XRP ๐.
๐ฐ The Wall Street Journal described Trump's second term as "a new era for cryptos โ fewer government obstacles."
According to XRP supporters, under Trump's administration, the asset could become more accessible to large financial institutions ๐ผ. Trump's affinity with cryptocurrencies reinforces the idea that XRP, focused on payments, could become popular as a bridge currency for exchange transactions in international capital flows ๐.
Although Coinbase whales contributed to the rally, the trading volume of XRP on Korean exchanges remains much higher ๐.
With a gain of 3.2% in the last 24 hours, XRP is trading at $2.64 at the time of writing ๐ต. #XRPGoal #TRONโ #BinanceSquareFamily #Cryptocurrencies #Altcoins๐๐ $XRP $TRX $BTC