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Recently, despite the pressure due to the appeal of the U.S. Securities and Exchange Commission, XRP has shown strength, with market sentiment reaching new highs. Multiple positive factors have drivento soar, and analysts are optimistic about its prospects, predicting a potential breakthrough of the $5 milestone. In this regard,has consistently retained its position as the go-to trading platform for XRP investors, thanks to its robust user base and superior trading matching system.
This legal battle, ongoing since December 2020, remains one of the most closely followed developments in the crypto industry.Despite the SEC’s appeal, XRP’s market performance has remained unshaken, exhibiting a strong bullish trend. As of now, XRP is priced at $3.2657, marking a 7-year high. Its 24-hour trading volume has surged to nearly $25 billion, with a total market capitalization of $187.485 billion, surpassing USDT and ranking third globally among cryptocurrencies.
Data from analytics firm Santiment shows a continuous increase in whale interest in XRP. Since November 12, addresses holding 1 to 10 million XRP have added 1.4 billion tokens, worth over $3.8 billion. Even during price consolidations following early 2024 highs, whales maintained their accumulation behavior signaling that XRP’s appeal to institutional and large-scale investors is steadily increasing.
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