Just yesterday my own token company Ripple traded around $1,9. Today we see continued growth to $3, as it is now XRP trading at $2,71.
During the general market morning pullback token dropped to $2,2, but then the bulls stepped on the gas pedal again and initiated another large-scale growth.
Thanks to this, the price XRP soared to $2,75, which became a new local peak, which resulted in kriptovalyuta was only 23% below its all-time high of $3,4 (CoinGecko data).
XRPUSD. Data: TradingView
Despite a slight pullback on Monday morning, the past month has seen XRP has grown by more than 420%. This jump has raised the token’s market cap above $150 billion, solidifying it as the third-largest cryptocurrency by this indicator.
The rise is believed to be largely due to crypto whales accumulating the asset, with most of the purchases made on Coinbase. They appear to be anticipating changes in US crypto policy following Donald Trump's victory in the presidential election and Gary Gensler's announcement that he is stepping down.
