The price of XRP has surpassed $1, marking a significant milestone that hasn't occurred since December 2021. On November 17, when the cryptocurrency reached $1.23, its market capitalization increased by $2 billion to approximately $64 billion. This surge has sparked fervent discussions in the cryptocurrency community; however, it is not just the price that has drawn attention.
Rumors of a meeting with Trump have caused a stir.
Most speculation about XRP's surge stems from unverified reports of Ripple CEO Brad Garlinghouse meeting with incoming President Donald Trump. Although Garlinghouse and Trump's staff have neither confirmed nor denied the meeting, these rumors have sparked discussions throughout the industry.
Some individuals, such as former Messari CEO Ryan Selkis, have publicly criticized Ripple's potential influence on U.S. policy in the strongest terms ever. Pierre Rochard from Riot Platforms and others have expressed skepticism about Ripple's anti-Bitcoin stance and the potential harm it could cause to future cryptocurrency regulation.
Despite the controversy, Garlinghouse remains confident about the potentially favorable impact of the Trump administration on the cryptocurrency industry. Garlinghouse recently stated on Fox Business that Trump views the crypto industry as a potential source of innovation and entrepreneurship.
His remarks primarily revolve around the activities of SEC Chair Gary Gensler, whose comments are believed to directly target the regulatory obstacles currently affecting Ripple. This has strengthened the belief that if the government makes changes, there could be more favorable conditions for conducting crypto activities within the U.S.
Whale activity and bullish sentiment drive the rise of XRP.
The rise of XRP is not solely due to speculative guesses, but is supported by reliable market data. Whale activity has been increasing, with reports suggesting that over $316 million in XRP was transferred within two days.
Their actions could be a decisive step in the price increase, as such large-scale transactions typically indicate positive sentiment among major holders. Secondly, the relative strength index indicates that XRP is at the boundary of the overbought zone; in other words, the increase has reached its maximum. However, the level of hope is quite high, with most believing that this trend will continue.
Looking ahead: Institutional interest and ETF prospects.
In addition to optimistic sentiment, people are increasingly looking forward to the upcoming launch of XRP exchange-traded funds (ETFs). Coupled with growing institutional interest in Ripple's native token, this could further drive XRP's sustained growth.
XRP's current stock price is $1.16, making it the best performer among the top 10 cryptocurrencies by market capitalization. Investors are eager to observe its future trend. Regardless of whether the rumors about the Trump meeting are true, Ripple's future is undoubtedly a topic of great interest.#Solana涨势分析