🚨 XRP Soars 6% Igniting a Frenzy! 5 Major Factors Indicate Price is Set to Skyrocket! 🔥💥

XRP rose 6% on Friday, reaching $0.128, with a market cap of $128 billion, surpassing Ethereum's fully diluted market cap to rank third. The following 5 factors are driving a surge in XRP demand, potentially signaling a price explosion:

Market Cap Dilution Surpassing Ethereum: In April, XRP's fully diluted market cap surpassed ETH, with a supply cap of 100 billion coins, highlighting its scarcity and heightened institutional demand.

New SEC Chair Takes Office: Paul Atkins has taken over as SEC Chair, and his crypto-friendly background may facilitate a settlement in the Ripple lawsuit, boosting confidence in XRP.

Coinbase Launches XRP Futures: On April 21, Coinbase launched CFTC-regulated XRP futures, attracting institutional investors and potentially providing price support.

Whales Going on a Buying Spree: In April, whales made significant purchases, with the proportion of addresses holding 10 million to 100 million XRP increasing by 1%, boosting scarcity but posing a risk of sell-off.

Surge in Active Addresses: In mid-April, Ripple's daily active addresses soared 67% to 40,000, with the price chart showing an inverted head and shoulders bullish pattern, signaling an upward trend.

Despite stronger gains in BTC, ETH, and others, XRP still holds long-term value, with technical and fundamental factors suggesting a potential surge by the end of April.