Last weekend, XRP performed remarkably in the cryptocurrency market. XRP, which gained 12% in a short time, surpassed the $2.2 limit, attracting investors' interest. With this rise, the trading volume also showed a significant increase, exceeding $3.2 billion. This movement in the market was influenced by both the decrease in international tensions and Arthur Britto's social media post after a long break.
Increase in Trading Volume and Price Movements
While the XRP price made a rapid jump from $1.93 to $2.2, the increase in trading volume also supported this rise. Analysis platforms stated that this activity is related to the temporary calmness of the global crypto market and the geopolitical environment. Investors' positive expectations also accelerated the price increase.
Arthur Britto's Return on Social Media
Another development that resonated widely in the crypto community was Arthur Britto breaking his silence on social media after nearly 13 years. His post, which included only a 'speechless' emoji, sparked great curiosity in the community and led to various comments. Following this unexpected move, market vitality increased even further.
Ripple CTO David Schwartz confirmed the authenticity of Britto's post, stating that there was no security breach or hacking incident. This statement alleviated concerns among XRP investors and raised expectations.
Who is Arthur Britto?
Arthur Britto, who plays a key role in the development of Ripple and XRP Ledger, is an experienced figure who has been active in the crypto sector since 2012. Britto, who sometimes prefers to stay away from the public eye, also serves as the co-founder and president of PolySign.
Although Britto's name appears in documents from the lawsuit the U.S. Securities and Exchange Commission filed against Ripple, he was not directly accused. The lawsuit he filed against Jed McCaleb in 2015 remained a topic in the crypto world for a long time; Britto claimed that McCaleb used Ripple's code without permission for his Stellar project.
Future Expectations and Market Impacts
After the sudden rise in XRP price, it is eagerly awaited whether new statements will come from Arthur Britto. The crypto community closely follows the impact of social media posts from influential figures on the markets.
Recent developments have once again revealed that XRP price movements can be shaped not only by technical and economic factors but also by the social media activities of the co-founders. Therefore, investors are advised to closely monitor current news in the market, technical analyses, and statements from key figures for portfolio management.
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