#ReboundRally 🌐🤑 The cryptocurrency market is full of excitement and several tokens are on track to recover. Ripple's XRP, for example, could experience a recovery following its recent correction, and on-chain data suggests greater upside potential¹.🤑🌐
*Key factors driving the recovery:*
- _📢Stable funding rate_: the funding rate of XRP remains stable compared to previous bull seasons, indicating potential for further price growth.
- _📢Weighted bearish sentiment_: Retail traders are not the main drivers of the recent XRP rally, reducing the risk of panic selling during market downturns.
- _📢Upcoming launch of Stablecoin RLUSD_: Ripple's stablecoin, pegged to the US dollar, aims to provide users with a more stable transaction asset, generating interest among investors.
*Other trending tokens:*
- _📢Solana (SOL)_: a 6% increase on Monday following a Glassnode report indicating increases in capital flows compared to Bitcoin and Ethereum.
- _📢Ethereum (ETH)_: Risk of dropping to $3,000 as investors take larger profits and losses.
- _📢Bitcoin (BTC)_: Increased over 140% in 2024, reaching the $100,000 mark in early December, driven by the launch of spot Bitcoin ETFs and reduced supply after the fourth halving event.