According to the Crypto Ranking Coingecko, XRP platform grew 511% per year. Only in the 4th quarter of 2024, the XRP market capitalization acquired 246%, according to the recent report of Messari.
XRP launched a mileage in November last year in expectations more favorable for a crypto-friendly position; For many years, the prices of the XRP were muffled as a result of the Ripple SEC lawsuit initiated in 2020, which led to the 2023 Ripple Legal victory. In August last year, Ripple was ordered to pay a fine of $ 125 million related to sales to institutional investors, which actually stopped the lawsuit.
Participation in retail and a large holder also came from the accumulation of data signals in circuits. According to Messari, in the fourth quarter, 2024, new addresses increased by 382% to 507,000, which involves adapting new users.
The expectation associated with the XRP ETF also increased the prices of XRP. President of Ripple Labs Monica Long previously noted that XRP ETF can “soon become a reality.” More recently, Grayscale Investments has used SEC to convert his XRP Trust into ETF for listing on the New York Stock Exchange.
In addition to Greyscale, several firms were used to XRP XRP X -ray, demonstrating a growing institutional appetite to structured investment products in XRP. Target investments, the Canadian asset management company, filed a preliminary avenue for the XRP Spot ETF.
The Wisdom tree served S-1 in December to launch the XRP ETF, following the beaten, Canary and 21 rear numbers in October and November. Rlusd, Stablecoin Rypleced, was also launched in December, also launched in December, which marked a significant milestone.
How higher can he go?
As a result of the splash, XRP surpassed Tether (USDT), among other things, to become the third largest cryptocurrency in market capitalization, defending only bitcoin and Ethereum. At the time of writing, XRP has decreased by 1.28% over the past 24 hours to $ 3.09 with the current market capitalization of 178.15 billion dollars. USA.
Back in 2018, XRP became a witness to similar growth, briefly surpassing ETH in market capitalization, when both coins cost about $ 22 billion. Is it possible that this can happen again?
Only time will tell – but XRP has an additional place for growth. ETH has a market capitalization of $ 404 billion, which is more than twice as much as XRP.
From the point of view of prices, the eyes of the XRP breakthrough after his recent maximum of $ 3.4 and reached $ 4 or, possibly, $ 5. Meanwhile, the Daily SMA 50 in $ 2.6 has been supporting XRP support since November 2024.
