This month, the crypto market has accelerated into a rally:
The trends of Ethereum and altcoins have taken shape, ETF fund inflows are accelerating, Bitcoin's market share is declining, while Ethereum's exchange rate upward trend has become very obvious.
Ripple XRP has now surpassed the previous bull market high, with a current price of $2.39, and its market capitalization has also exceeded Solana (SOL), ranking fifth. This wave of market movement suggests considering some positioning in this classic altcoin sector.
BTC has been hovering between $92,000 and $100,000, leaving this period primarily for altcoins to perform, so let’s not disappoint the altcoin market's goodwill. XRP surged 3.5 times in a month, surpassing Solana!
Why have classic altcoins suddenly surged?
The institutions are resting this weekend, and the market is generally in a state of fluctuation.
Bitcoin fluctuates around $97,500, while Ethereum consolidates around $3,750.
In terms of altcoins, some old coins like XRP, HBAR, ADA, and EOS, which have been around since 2017, have risen more than 30%.
This indicates that Bitcoin's performance is starting to weaken, while Ethereum and other altcoins are beginning to gain momentum.
This situation is a typical altcoin market; as long as Bitcoin remains stable, altcoins may rotate upward.
Unveiling the most comprehensive history of XRP's price surges! After reading, you may know whether XRP will continue to surge.
XRP's multiple-fold surge in one month is clearly the result of market manipulation, not a normal market phenomenon. Looking at it longer, on November 6, XRP was only $0.5, but by December 2, it had risen to $2.35? Is it normal for such a large coin to surge so dramatically? How exactly did the news cooperate? Below is a discussion on XRP's price manipulation techniques:
First, XRP started its price surge on October 6, so we look from that day. I have divided $XRP into 2 phases based on the surge situation.
1. Consolidation - the 2 weeks before November 6.
2. Price surge - from November 6 to now.
XRP has strong financial strength and community support, and the recent core reasons for its breakout can be summarized from various news sources as several concentrated positive factors:
1. SEC personnel changes;
2. XRP's boss becoming Trump's crypto advisor;
3. Victory in the lawsuit against the SEC;
4. XRP has solid business and cash flow, with no pressure to drive the price up; the company's cash exceeds 10 billion;
5. Short-term BTC consolidation upwards, leading to optimistic market sentiment.
XRP's future trading logic and trend outlook
Signals to observe before price surges:
Typically, XRP's price surges are preceded by intensive publicity, including public endorsements from the CEO, large-scale event promotions, and collaboration dynamics. If similar information frequently appears in the market, it is essential to closely monitor potential upward opportunities.Connection to the US elections:
The sponsorship and support of XRP for election-related members will directly impact market sentiment. Closely track these dynamics, especially their interactions with policymakers.Focus on business growth:
XRP's stablecoin and institutional application business are expanding, and this growth will further solidify its market position and drive long-term value appreciation.
Analysis of the effects after XRP's market capitalization surpasses 100 billion:
As one of the top three cryptocurrencies by market capitalization, XRP's performance has inspired confidence among many veteran players, leading them to refocus on older cryptocurrencies like EOS, LTC, BTS, and XLM. However, whether these projects can replicate XRP's success depends on the following factors:
On-chain activity:
XRP's real-world application in interbank financial transactions has kept its on-chain activity consistently high, even surpassing BTC and ETH. Other established coins that can achieve high usage in specific areas may become the next batch of rising 'utility coins.'Validation over time:
XRP, BTC, and ETH have proven their value over nearly a decade. In the future, time will remain the ultimate standard for testing the potential of digital assets.The rise of utility coins:
As BTC's volatility returns to rational levels, the market is gradually shifting towards coins with practical value and low speculation. These 'utility coins' are starting to emerge with practical application scenarios.
Summary:
XRP's future trends will revolve around its on-chain usage, policy support, and business expansion. At the same time, the market is rediscovering cryptocurrencies with high-frequency usage scenarios, which may become the main driving force for the next round of hotspots.
