XRP Surges to $3 as Search Interest Outpaces Bitcoin
XRP has surged nearly 20% over the past 24 hours, leading a strong rally in the cryptocurrency market as Bitcoin briefly crossed the $100,000 mark.
Azcnews Xrp Surges To $3 As Search Interest Outpaces Bitcoin
The coin hit a six-year high, reclaiming its position as the third-largest cryptocurrency by market capitalization, surpassing Tether’s USDT and even surpassing the market value of asset management giant BlackRock.
In Wednesday morning trading in the US, XRP topped $3 for the first time since January 2018.
The rally was fueled by optimism over inflation data from the US Consumer Price Index (CPI) and hopes for crypto-friendly policies from the incoming administration. Ripple’s legal battle with the US Securities and Exchange Commission (SEC) over whether XRP is a security has also attracted attention, especially amid speculation about regulatory changes.
Xrp Price Chart
Xrp Price Chart
XRP has been on an impressive growth trajectory, up 488% since Donald Trump’s election victory. With a market capitalization of $170 billion, XRP now holds the third spot, behind only Bitcoin and Ethereum’s Ether. The coin’s strong comeback has been fueled by Ripple’s expanding partnerships, the launch of the RLUSD stablecoin, and rumors of a spot XRP ETF. Ripple President Monica Long has also been optimistic, hinting that ETF approvals could accelerate under the new administration.
Read more: Bitcoin Surpasses $100K as Inflation Continues to Ease
Large investors have also played a major role in XRP’s price surge. Analytics firm Santiment found that addresses holding between 1 million and 10 million XRP have accumulated an additional 1.4 billion tokens, worth nearly $3.8 billion, since mid-November. This accumulation has continued in a sideways price phase since peaking in early December, adding fuel to the rally.
Meanwhile, data from Google Trends shows that XRP recently surpassed Bitcoin in search interest. This is the third time in the past year that XRP has topped Bitcoin in global search volume.
#XRP
0.0/5
Love
Latest
Azcnews Whales Accumulate Large Ada Holdings, Potential For Significant Price Surge
News | Altcoin | Analytics | Editor Choice 16/01/2025
Whales Accumulate Large ADA Holdings, Potential for Significant Price Surge
Recently, the activities of large investors (whales) have pushed the price of Cardano (ADA) to remarkable levels, especially after the general recovery of the market.
Azcnews Bitcoin Surpasses $100k As Inflation Continues To Ease
News | Bitcoin | Editor Choice 16/01/2025
Bitcoin Surpasses $100K as Inflation Continues to Ease
Bitcoin officially crossed the $100,000 mark after positive news about the sharp decrease in inflation.
What Is Aixbt Information About Aixbt Token
Editor Choice | News 15/01/2025
What is AIXBT? Information about AIXBT Token
AIXBT (AIXBT by Virtuals) is a platform that combines AI and memecoin by assisting investors through the collection and processing of information from 400 crypto KOLs. It then analyzes this data to provide accurate and useful insights for investors. AIXBT has also officially listed on most major exchanges, with Binance being the latest addition.
Azcnews Thailand Nears Approval For Bitcoin Etfs
News | Bitcoin | Editor Choice | Policy & Regulations 15/01/2025
Thailand Nears Approval for Bitcoin ETFs
Thailand is considering allowing Bitcoin exchange-traded funds (ETFs) to be listed on domestic exchanges for the first time, as part of a strategy to build the country into a digital asset hub.
