$XRP But why is #XRP going to the moon?

Here is a recap of this meteoric rise and why XRP will reach 10$XRP in February 2025.

#XRP takes over the European Stock Exchange by WisdomTree:

On November 21, 2024, the American asset management company WisdomTree launched the "WisdomTree Physical XRP ETP" on several European exchanges, including Deutsche Börse Xetra, the Swiss exchange SIX and Euronext in Paris and Amsterdam. This ETP, with a management expense ratio of 0.50%, is the least expensive in Europe for exposure to XRP. It is fully backed by XRP and offers a double layer of security for investors.

$XRP surpasses Tether in market cap

On December 2, 2024, XRP became the third most valuable cryptocurrency, surpassing Tether, with a market cap of nearly $150 billion. This increase is partly due to Donald Trump’s return to the presidency of the United States and the announcement of Gary Gensler’s upcoming departure as head of the SEC. Since the US elections, XRP has seen a 400% increase.

Regulatory approval for Ripple’s RLUSD stablecoin

Ripple Labs, the issuer of XRP, has received final approval from the New York Department of Financial Services for its stablecoin, RLUSD, backed by the US dollar. This announcement caused the price of XRP to rise to $2.43. Investors are anticipating regulatory easing under President-elect Donald Trump’s administration, including the expected appointment of crypto-friendly Paul Atkins to head the SEC.

XRP Price Performance

Currently, XRP is trading at $3.31, with an intraday high of $3.39 and a low of $3.05. This performance reflects a bullish trend supported by favorable regulatory developments and increased adoption of XRP-related products.