#XRP突破新高？
Regulatory Policies
After Trump was elected President of the United States, Ripple's Chief Legal Officer believes that the ongoing lawsuit between Ripple and the SEC may soon be dismissed, leading to positive market expectations regarding regulatory policies. Additionally, SEC Chairman Gary Gensler is set to resign in January 2025, and among several candidates evaluated by Trump's advisory team, there are officials and executives from the financial sector who have publicly supported cryptocurrencies. The market anticipates that the new SEC chairman may adopt a more lenient and friendly regulatory policy, greatly solidifying XRP's compliant status in the market.
Market Investors
The recent rise in XRP has primarily been driven by spot investors. During the week when XRP's price increased by 15%, the funding rates and premiums for spot purchases did not rise significantly. Moreover, the number of addresses holding over 1 million XRP tokens has increased, indicating that whale investors are hoarding on a large scale. Their trading behavior often has a significant impact on market prices, increasing the activity and volatility of the XRP market.
Self-Development
Ripple has made significant progress in the stablecoin and ETF sectors, with hopes of obtaining approval from the New York Department of Financial Services to issue the stablecoin RLUSD. The launch of the XRP ETF is also highly anticipated, which will provide more investment channels and application scenarios for XRP, attracting more investors and capital inflows. At the same time, Ripple continues to expand its market presence, forming partnerships with multiple companies, enhancing XRP's market recognition and liquidity.
Technical Advantages
XRP features fast transaction confirmations, low transaction costs, and multi-currency exchange capabilities. Its transaction speed typically completes within 3 to 5 seconds, with extremely low fees, allowing for quick exchanges between different currencies. This gives it a significant advantage in the cross-border payment sector, and with ongoing technical optimizations, its performance can be further enhanced.
Regarding future trends, some technical analysts claim that XRP may rise to $4.40, but there are also opinions suggesting that its Relative Strength Index (RSI) indicates that the token is overbought, which could lead to a short-term pullback or consolidation.
