XRP continues to be hot, with a 24-hour increase of over 17%, and institutional and retail investors are enthusiastic

Bitget App

Trade smarter

远山洞见2024/12/03 09:23

On December 3rd, Ripple's native token XRP rose 17.18% in the past 24 hours and is now trading at $2.6792. According to market data, XRP touched $2.8723 on December 2nd, reaching its highest point since January 2018 and continuing to attract investor attention.

According to crypto market research firm Santiment, whale addresses holding 1 million to 10 million XRP have amassed 679.10 million XRP worth about $1.66 billion in just three weeks since November 9. Additionally, the total number of XRP non-empty wallets has exceeded 5.50 million for the first time, marking the continued growth of the token ecosystem over the past eight years.

Global ETF provider WisdomTree has submitted the S-1 registration document for XRP ETF to the US Securities and Exchange Commission (SEC), further enhancing the attractiveness of XRP in the institutional market. Analysts pointed out that Ripple's distributed ledger technology provides secure, instant, and low-cost cross-border transfer capabilities, which is one of the core factors driving the XRP craze.

Industry opinion believes that with the deepening of institutional participation and the continued high market sentiment, XRP may usher in a new round of price highs.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!