The post 3 factors behind Ripple’s (XRP) 364% rally in November 2024, and 1 token that could deliver 10x more appeared on BitcoinEthereumNews.com.

Ripple’s XRP increased remarkably in November 2024 with a price surge of 364%. This has fueled market optimism, with a growing number of investors turning bullish.  But although XRP’s sudden surge is massive, there is a token that some analysts believe could deliver a 10x better return than XRP. Rexas Finance (RXS), a new cryptocurrency, has captured the spotlight – and the attention of many investors. This article will explore the three main factors driving XRP’s success alongside Rexas Finance’s potential to deliver 10x more than XRP. Donald Trump’s Win and Hope for Friendlier Regulations  The background factor that started Ripple’s rally was Donald Trump’s win in the U.S. election. Before the election, optimism had been building as the community hoped he would emerge victorious. Unlike President Joe Biden, Trump’s victory signifies the beginning of a crypto-friendly administration. Also, the Securities Exchange Commission (SEC) chair, Gary Gensler, has been long tagged as anti-crypto. After Trump’s win, he announced his retirement, sending waves of optimism in the crypto space. For Ripple, his exit will mean the hope of the Ripple-SEC case getting resolved or dismissed and crypto-friendly regulations. As a result, investors have been positive about Ripple’s future. Whale Activity Drives the Surge This positivity has driven whale activities as these large investors have accumulated large amounts of XRP. In the past few weeks, there has been a large trading volume of over 679.1 million XRP worth $1.66 billion. This buying spree has increased XRP’s price and attracted smaller investors. Ripple is a cryptocurrency with good prospects, and investors consider it a good long-term investment opportunity. Investors’ increased buying spree of XRP was the main cause of the 364% surge. Ripple’s Stablecoin Launch Ripple is developing a stablecoin that will launch soon. Ripple’s stablecoin is known as Ripple USD (RLUSD). Many…

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Filed under: News - @ December 7, 2024 9:15 pm