#ChristmasMarketAnalysis
XRP and HBAR have led the market rally since the 2024 US election. XRP has surged 328%, while HBAR has soared 457% since then. President-elect Donald Trump also has a connection to XRP and HBAR. XRP and Hedera (HBAR) have been among the best performing assets in the crypto market since the pro-crypto candidate won the 2024 US presidential election on November 5. While XRP has increased 328%, HBAR has climbed 457% since then. CoinMarketCap data shows that XRP was the third-best performing digital asset, hitting multi-year highs in early December. However, at the time of writing, the altcoin has fallen to fourth place despite a 28% increase in non-empty wallets over the past two years. Why XRP Is Rising: Ripple’s RLUSD Stablecoin and Bitstamp Partnership The sharp rise in XRP’s price follows news that US crypto firms are thriving under new management. Moreover, the debut of Ripple’s anticipated RLUSD stablecoin has added fuel to the digital asset’s price rally. The company is also in talks with crypto platform Bitstamp to create a derivatives exchange on the XRP Ledger, which could boost XRP’s price in 2025.
