XRP (XRP) Price Prediction: Can the Rally Continue or Will It Face a Pullback?

XRP has gained attention with a reported 230% price surge over the past year. Investors now question whether the rally can sustain its momentum or face a pullback.

XRP price movements have been closely monitored by investors throughout 2024, especially in Q4 when the cryptocurrency witnessed a reported 230% surge. This rally brought XRP to the fourth position among the top cryptocurrencies by market capitalization, surpassing Binance Coin (BNB).

As 2024 comes to an end, here are some key highlights and events that influenced XRP’s price performance:

1. Surging Past Binance Coin (BNB)

2. SEC Shake-Up and XRP’s Legal Battle

3. Ripple’s Stablecoin RLUSD Gains Approval

4. Whales Bet Big on XRP, Acquisitons Surpass $500 Million

1. Surging Past Binance Coin (BNB)

Throughout 2024, XRP fiyatı steadily rose from around $0.58 in Q1 to over $2 by December, marking a 3x increase in value during that period. This surge also propelled XRP past Binance Coin (BNB) to become the fourth-largest cryptocurrency by market capitalization.

At the time, BNB was valued at approximately $98 billion, while XRP surged ahead to reach around $118 billion in market cap. This shift in ranking highlighted XRP’s strong performance and investors’ preference for the cryptocurrency in 2024.

2. SEC Shake-Up and XRP’s Legal Battle

The 2024 U.S. Presidential election and its aftermath brought potential implications for the crypto sector. Following the election, Donald Trump nominated Paul Atkins, a former SEC Commissioner and crypto advocate, to replace Gary Gensler as SEC chair.

Although this transition had yet to take place, the nomination sparked speculation about a possible shift in regulatory approach. This development remained on the sidelines as XRP’s legal battle with the SEC continued to unfold.

The case, which many in the crypto communityعتبره regulatory overreach, could gain renewed momentum if leadership at the SEC changes. Moreover, Trump’s focus on regulatory reform, including the proposed “10-for-1” rule to eliminate outdated regulations, raised hopes for a more crypto-friendly environment.

3. Ripple’s Stablecoin RLUSD Gains Approval

Ripple accomplished a significant milestone in December 2024 when the New York Department of Financial Services (NYDFS) granted approval for its stablecoin, RLUSD.

This approval positioned RLUSD among a select group of assets cleared for institutional use, bolstering its standing for central bank digital currency (CBDC) initiatives. Notably, RLUSD volume surged by 170% in a single day, which was partly attributed to concerns over USDT delistings in Europe.

Ripple’s entry into the stablecoin market could expand its presence in cross-border payments and CBDCs, potentially setting up RLUSD as a competitor to established stablecoins.

4. Whales Bet Big on XRP, Acquisitons Surpass $500 Million

Towards the end of November 2024, data from Santiment revealed that large investors, known as "whales," had collectively purchased XRP to the tune of $526 million.

This buying spree marked the highest net accumulation of XRP by whales in the past three years. According to Santiment's analysis, this massive buying spree indicated that whales were optimistic about XRP's continued price appreciation and were adding to their positions accordingly.

It's noteworthy that theమిల్లీనికొండల కొనుగోళ్లు of XRP by whales were particularly substantial in 2024, with whales adding to their XRP holdings throughout the year.

This buying activity stood in contrast to the selling pressure observed among smaller investors, who largelyが少ない売り圧 to their XRP holdings despite the cryptocurrency's price gains.