XRP price has dropped 18% from its $2.75 peak earlier this week as Bitcoin makes a move to $104,000, setting an eye on 60% market dominance.
Ripple CLO believes that once the regulatory issues are resolved, Ripple could lead in enterprise crypto solutions.
For XRP Ledger, this decision to lower barriers for new users on the network also frees up funds it previously held in reserve.
XRP’s remarkable rally has propelled the growth of meme coins like ARMY on the XRP Ledger, but skepticism about long-term sustainability persists.
XRP price rally continues to $2.84 surging more than 100% over the past week amid strong whale activity with large holders scooping 160 million XRP worth $380 million over the past weekend.
The demand for XRP among institutional investors has seen several fund managers file for spot ETF approval amid the upcoming change of the US SEC administration.
The surge in whale activity is coming at a significant time in Ripple’s legal battle with the US Securities and Exchange Commission (SEC).
The rise of XRP to a $140B altcoin is heavily influenced by the US political shift and notable development of the XRPL network.
With over $10 billion in client assets, Bitwise is reshaping institutional crypto investing, starting with the rebranded XRP ETP.
XRP Ledger has bagged a new update that can significantly improve scalability and overall performance.
XRP price has already retested the peak of the 2021 bull run and on-chain data shows that whale investors are relentlessly buying more.
During the time of Gensler, the SEC was generally perceived as being hostile to the crypto industry.
WisdomTree’s XRP ETP offers secure and cost-efficient investment, fully backed by XRP, with assets stored safely by regulated custodians.
Despite short-term price fluctuations, major XRP whale activity and rumors of a Ripple-Cardano collaboration have led to XRP’s recent 65% rally, reflecting heightened market interest.
The XRP community has been rejoicing the re-election of Donald Trump, who promised to fire current SEC Chair Gary Gensler on the first day of office next year.