Ripple ($XRP ) has increased by nearly 25 percent in the last 24 hours, reaching its highest temperature since November 2021.

#XRP , which excited its investors with its rise in a short time, is currently trading at $ 1.13. Ripple, which rose in the $ 60 billion market as of November 17, delighted its investors. The popular altcoin, which exploded after a long hiatus, continues its bullish transactions despite the volatility in the market.

Signals regarding the rise of Ripple (XRP) continue Donald Trump, who won the US presidential election, had announced that he would dismiss SEC Chairman Gary Gensler. Gensler, who later gave signals that he would resign, especially made XRP investors happy. Ripple, which has been in trouble with the SEC for a while, started to rise after this development.

Ripple's General Counsel Stuart Alderoty, in a statement on the social media platform X, said, “Please do not forget the SEC's general strategies. To be honest, this is just background noise. He said, “The hard part of the fight is over.”

The price increase created movement in onchain data. According to Whale Alert, a budget transferred $90 million worth of XRP. It was reported that over $316 million worth of XRP was transferred in the last two days alone.

Another positive signal was the people involved in Ripple ETF transactions, similar to 21Shares’ spot Bitcoin and Ethereum ETFs. This application was made for a cryptocurrency that can be traded on the US stock exchange. Canary Capital and Bitwise also applied for XRP ETFs.

#XRPUSDT #XRPPriceAction #NextMarketMoves #binance