XRP (Ripple) has outpaced Ethereum and Bitcoin in trading volume. Over the past 24 hours, XRP’s volume reached $27.6 billion, exceeding Ethereum’s. The asset has risen 45.29% in a week and is trading at $3.24, gradually approaching its all-time high of $3.84 set in January 2018.
Currently, XRP’s market capitalization is $187.77 billion, placing it third among all cryptocurrencies by market cap. On Coinbase, the XRP/USD pair ranks first in trading volume at $1.7 billion, while BTC/USD is second at $1.3 billion.
Large Investors and Token Accumulation
According to the analytics platform Santiment, major holders have purchased 1.43 billion XRP over the past two months. This corresponds to a 37% rise in demand and has likely been a key factor in the recent price rally.
Crypto analyst Ali points out that those who bought XRP at $2.40–$2.48 are already up by more than 24%. This data underscores the robust interest in XRP from both major investors and retail traders.
XRP and the U.S. Strategic Reserve
According to The Block, the incoming administration of U.S. President-elect Donald Trump may consider forming a strategic cryptocurrency reserve. XRP and Solana (SOL) are among the assets under discussion. Such a move could strengthen the U.S. position in the blockchain industry, support national crypto projects, and stimulate the adoption of new technologies.
Reports suggest that an executive order related to this initiative could be signed on January 20, Trump’s inauguration day. It may also include provisions to revise crypto-asset regulations and halt ongoing court proceedings tied to cryptocurrencies.
Impact on Market Dynamics
Rumors of potential government support for XRP, as well as the launch of a spot ETF for the asset, have fueled market interest. Over the last 24 hours, $18 million in XRP short positions were liquidated, further bolstering bullish sentiment.
The total open interest in XRP futures has reached $8 billion, up 8% in one day—a rise that indicates increased trader activity and expectations of further price gains.
When Will We See a New ATH?
Long-term price analysis shows XRP steadily forming higher lows even during broader market downturns.
Currently, XRP sits just 15.57% below its all-time high, set in January 2018. Technical analysts say a successful breakthrough of the $3.40 mark could open a path to higher targets, including $5.
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This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.
