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Cryptocurrency News Articles
XRP Surges Past Bitcoin in Trading Volume, Signaling Heightened Investor Interest
Jan 18, 2025 at 11:36 pm
XRP, the third-largest cryptocurrency by market capitalization, has been in the spotlight as its trading volume recently surpassed Bitcoin
The third-largest cryptocurrency by market capitalization, XRP, has grabbed attention with its trading volume recently surpassing Bitcoin, reflecting heightened investor interest. This surge follows a pivotal meeting between Ripple CEO Brad Garlinghouse and U.S. President-elect Donald Trump, where discussions reportedly centered on integrating XRP and other digital assets into the nation’s crypto reserves. The development has sparked excitement within the crypto community, driving XRP's price and trading activity to new highs.
Tracking XRP's Price Movements: A Snapshot of Volatility
Over the past two days, XRP experienced notable volatility. On January 17, the cryptocurrency gained over 4%, outpacing Bitcoin's gains during a period of strong performance. However, by 8:00 PM, XRP experienced a pullback. The momentum shifted on January 18, with XRP witnessing a 6% decline by 6:00 AM, while Bitcoin's losses were more moderate, settling at 2% by 10:00 AM.
This fluctuation underscores the growing interest and speculative activity surrounding XRP, further amplified by external factors like regulatory speculation and political developments.
Highlighting Investor Confidence and XRP Inflows
Investor sentiment has played a pivotal role in XRP's recent performance. Data from Coinglass reveals substantial inflows into XRP since late December 2024, coinciding with a significant price surge that pushed the token above $3.00. This trend highlights the increasing confidence among investors as the cryptocurrency market enters a phase of renewed optimism.
The growing trading volume and price movements reflect a shift in market dynamics, with XRP becoming a focal point for traders and long-term investors alike.
Trump's Crypto Policies Fuel Optimism
U.S. President-elect Donald Trump's upcoming inauguration has sparked speculation regarding a more crypto-friendly regulatory framework. Reports suggest that the administration is considering approving a spot XRP ETF, a move that could revolutionize the market by providing U.S. investors with easier access to XRP-backed exchange-traded products.
A survey conducted by Polymarket shows that 66% of respondents believe an XRP ETF will be approved this year. Such a development would not only validate XRP's utility but also attract institutional investors, driving further adoption and market activity.
XRP's Growing Momentum in 2025
As the crypto landscape continues to evolve, XRP has emerged as a standout performer, capitalizing on key events and growing investor sentiment. The combination of regulatory optimism, increasing institutional interest, and speculative trading positions XRP as a major contender in the cryptocurrency space. Its recent performance underscores the importance of staying informed as the market prepares for potentially transformative developments.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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