Cryptocurrency fans and investors are buzzing. XRP surpasses Ethereum in trading volume. This marks a big shift in the market.
XRP has achieved a significant milestone by surpassing Ethereum (ETH) in trading volume, marking a resurgence of investor confidence in the cryptocurrency. This growth comes with a strong price rally. XRP’s weekly performance is ahead of Ethereum’s. People are asking: could XRP’s price reach $5?
XRP Surpasses Ethereum in Trading Volume and Gains
Over the past week, XRP has outshone Ethereum in trading volume and price performance. XRP has a 24-hour trading volume of $27.6 billion, just ahead of Ethereum’s $27.64 billion. Its price jumped by 11.43% in one day and 45.29% in a week. Right now, XRP is priced at $3.32, with a market cap of $189.76 billion. It is one of the best-performing cryptocurrencies.
In contrast, Ethereum has seen more modest gains, rising 2.19% over the past week while declining slightly by 0.32% in the last 24 hours. Despite trading at $3,323.08, Ethereum’s recent performance has been overshadowed by XRP’s rapid ascent.
Whale Accumulation Boosts XRP Demand by 37%: XRP Surpasses Ethereum
XRP Surpasses Ethereum: One key factor behind XRP’s success is the activity of crypto whales. Santiment, a blockchain analysis firm, says large holders bought 1.43 billion XRP in the last two months. This is a 37% increase in demand. Whale activity has boosted market confidence and pushed the price up.
XRP Surpasses Ethereum: Crypto analyst Ali highlighted the benefits of strategic buying during dips, stating, “Buying XRP at $3 may seem like a good idea, but buying when I did at $2.48—and during the dip at $2.40—would have been better. You’d already be up 24%.”
The cryptocurrency market has seen a surge in liquidations, with $372 million in short positions wiped out in the last 24 hours. Bitcoin briefly went past $100,000, giving the market a psychological boost. This helped energize the market and contributed to XRP’s rise.
XRP Nears All-Time High of $3.40
XRP is now only 2% below its all-time high of $3.40, set in January 2018. Analysts think that if it breaks above this level, the price could keep rising, possibly reaching $5. Technical charts show a strong upward trend, which could lead to a longer rally if it continues.
A top market analyst said “The setup for XRP looks very good. If it breaks the $3.40 resistance, XRP could aim for $5 and more. This is especially true with the strong market momentum we’re seeing.”
National Crypto Reserve News Fuels XRP Rally: XRP Surpasses Ethereum
XRP Surpasses Ethereum: Adding to the positive outlook, reports say that U.S. President-elect Donald Trump is thinking about an executive order to create a national crypto reserve. This could focus on U.S.-based digital assets like XRP, Solana (SOL), and USD Coin (USDC). The news has already impacted XRP’s price, which rose from $3.05 to $3.32.
If these developments materialize, XRP could benefit from increased institutional interest and regulatory clarity, further strengthening its position in the market.
XRP’s recent surge in trading volume and price performance has caught the attention of the cryptocurrency world, surpassing Ethereum for the first time. XRP’s recent success, driven by whale buying and strong market momentum, has many thinking its price could hit $5. In the last week, XRP has gained over 45%, and its market cap is now $189.76 billion, making it one of the top cryptocurrencies. With XRP near its all-time high, analysts think that breaking the $3.40 resistance could drive the price even higher.
There is growing optimism due to reports about possible U.S. regulations. One of these reports talks about creating a national crypto reserve. This has helped boost positive feelings in the market. As institutional interest in XRP grows, it could become a more prominent player in the crypto market. While Ethereum’s performance has been more subdued, XRP’s recent successes suggest a shift in market dynamics. Investors are eagerly watching whether XRP can maintain this momentum and reach the much-anticipated $5 price target.
Also Read: TRON’s USDD 2.0 Promises 20% APY: Justin Sun’s Bold Move to Disrupt Stablecoin Market
