The post XRP Price Aims for an All-time-high: Can It Sustain the Rally? appeared on BitcoinEthereumNews.com.

XRP price has surged 15%, reaching $3 for the first time in recent weeks, capturing the attention of cryptocurrency investors. The token has seen a remarkable rise of 194% in the past eight weeks. It has far outpaced Bitcoin’s 124% annual growth in 2024. According to crypto analyst Dom, XRP price movements are easier to achieve compared to larger assets like Bitcoin due to its thinner order book. Dom highlighted that it takes approximately $59.73 million in USDT to move XRP’s price by 25% on Binance’s perpetual markets. Very informative post I shared last month, check it below if you haven’t Many wonder how $XRP, having such a large marketcap can move so quickly & much higher, and the simple answer is low supply and thin orderbooks Let me put this into perspective using Binance perp markets as… https://t.co/s55nsqOqZi pic.twitter.com/MNRnA8XcqI — Dom (@traderview2) January 14, 2025 Whales and ETF Speculation Drive Optimism Institutional investors have been buying XRP in large amounts, which has boosted the prices. The market’s increasing optimism is also driven by rumors that XRP could be listed on a spot ETF. If approved, this type of product may become a strong signal of further institutional investment in cryptocurrency. Versan Aljarrah founder of Black Swan Capitalist revealed that XRP is more than just a digital asset. He referred to it as a “key to the new financial system.” He cautioned his followers to protect their XRP tokens. For those holding $XRP, understand this: you’re not just holding a cryptocurrency—you’re holding a key to the new financial system. Protecting your digital assets is essential because they represent more than just wealth, they represent access to the future of finance. — Black Swan Capitalist (@VersanAljarrah) January 13, 2025 Ripple and SEC Legal Battle Influences XRP’s Trajectory The legal battle between…

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Filed under: News - @ January 16, 2025 6:21 pm