$XRP
TikTok And Gen Z Fuel XRP’s Rise Amid Legal Optimism And Whale Moves
▪️ The most popular video platform garnered billions of views under the #XRP hashtag in November and December, with some influencers suggesting the price of the token could reach $10,000, as retail investors navigated FOMO (fear of missing out) and FUD (fear, uncertainty and doubt) triggers.
This week, Ripple’s XRP briefly claimed the spot as the world’s third-largest cryptocurrency, trailing only bitcoin and ethereum, after a 400% price rally over the past month. The resignation of SEC Chair Gary Gensler sparked expectations that Ripple’s legal battle with the SEC could soon end in the company’s favor.
▪️ Driven by the positive sentiment, in recent weeks, XRP whale holders (addresses holding over 1 million XRP) have accumulated more than $1.12 billion worth of XRP, according to on-chain indicators.
