⚫The price of XRP rose to $2.88 for the first time since January 2018, a 25% increase from last week. Analysts at Santiment highlight that the key driver of this growth was large purchases by whale wallets holding between 1 million and 10 million XRP. Since November 2024, the asset volume of these wallets has increased by 37.4%, adding 1.43 billion coins.
⚫Experts believe the positive momentum is tied to expectations of XRP-ETF approval in 2025. JPMorgan predicts that inflows into these funds could surpass those of Ethereum-ETFs. Additionally, the market is supported by the conclusion of the legal battle between Ripple and the SEC.
⚫Ripple has also strengthened its position by launching RLUSD stablecoin trading in December 2024.