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ZyCrypto 2025-01-19 13:48:21

Ripple’s XRP Transactions Worth At Least $1M Skyrockets As Trump’s Effect Comes Into Full Swing

XRP continues to stamp its authority as a formidable force across crypto circles, given that it recently flipped Tether (USDT) to become the third-largest cryptocurrency based on market cap. So, what’s igniting the XRP fire? Well, this altcoin is seeing skyrocketing transactions, among other bullish trends. Renowned market analyst Ali Martinez acknowledged , “The number of transactions over $1 million on the XRP network is on the rise, hitting 341 transactions in the past 24 hours.” Source: Santiment It, therefore, means that the presence of whales and institutional investors is heavily felt in the XRP ecosystem, depicting heightened confidence and interest. Is it a Matter of When XRP Hits a New All-Time High? XRP has significantly turned tables, given that it had been gridlocked in a stagnant symmetrical triangle for the better part of three years as the lawsuit between Ripple and the United States Securities and Exchange Commission (SEC) intensified. XRP is currently trading at $3.12, a stone’s throw away from its all-time high (ATH) price of $3.84 set in January 2018. Therefore, it seems it’s not a matter of if but when XRP will reach new historical highs, given that it recently breached the psychological threshold of $3, a scenario last seen in 2018. With Donald Trump’s effect continuously bouying XRP sentiment , it seems the altcoin is eyeing a roller coaster ride in 2025.