XRP and HBAR led the market rally post the 2024 US elections.
XRP rose 328% and HBAR skyrocketed 457% since then.
President-elect Donald Trump has exposure to XRP and HBAR as well.
XRP and Hedera (HBAR) are among the best performers in the crypto market since a pro-crypto candidate won the 2024 United States presidential elections on November 5. While XRP gained 328%, HBAR climbed 457% since then.
CoinMarketCap data shows XRP was ranked third among digital assets, hitting multi-year highs in early December. However, at the time of writing, the altcoin has dropped to fourth position despite a 28% surge in the number of non-empty wallets in the past two years.
Why XRP is Rising: Ripple’s RLUSD Stablecoin and Bitstamp Partnership
XRP’s price jump followed news of American crypto firms thriving under the new administration. Furthermore, the debut of Ripple’s anticipated RLUSD stablecoin added fuel to the digital asset’s price increase. The firm is also in talks with the crypto platform Bitstamp, planning to build a derivatives exchange on the XRP Ledger, which could boost XRP’s price in 2025.
Bitstamp is building a derivatives exchange on XRP Ledger …
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