XRP adoption continues to grow at a rapid pace. Data from rich-list shows that the number of active wallets has increased by as much as one million in the past year, breaking the 6 million wallet barrier.
Growth adoption and course go hand in hand
The increasing adoption of XRP goes hand in hand with the impressive price development. In November, the digital currency was still around $0.50, but since then XRP has experienced a spectacular increase of 500%. It has almost reached a new all-time high (ATH), making the coin one of the best performing cryptos in recent months.
Anyone who invested in November will undoubtedly be satisfied with this exceptional price gain.
Political influence: Trump administration as a catalyst?
The strong price increase and growth of active wallets are partly attributed to the expectations surrounding the Trump administration. Investors speculate that a pro-crypto policy under Trump could yield major benefits for XRP.
An important point here is the impact on the ongoing lawsuit between Ripple and the US Securities and Exchange Commission (SEC). The departure of SEC Chairman Gary Gensler is seen as a positive development. Investors hope that the lawsuit can be resolved quickly under the new administration, paving the way for further adoption and share price growth.
XRP price expectations: New heights in sight?
Many analysts are optimistic about the future of XRP. While the digital currency failed to break its previous price record in 2021, many expect this to happen during the current rally.
Renowned crypto analyst Ali Martinez predicts that XRP could reach a valuation of $15, which would represent an increase of about 380%. His optimism is based on a symmetrical triangle pattern on the monthly chart, a technical signal that often heralds a powerful upward move.
Since November 2024, XRP has made a successful break and retested the resistance around $3.40. According to Martinez, it is only a matter of time before this resistance is broken and the price continues to rise.
Claim €10 free today and pay no trading fees on the first €10,000!
Grab this unique opportunity with Newsbit and Bitvavo by creating an account now via the button below. Deposit just €10 and immediately receive €10 free. In addition, you can trade your first €10,000 in trades for 7 days without any fees. Start today and benefit immediately from the growing popularity of crypto!
Create your account and claim your €10 free.
Don’t miss this opportunity to immediately benefit from the growing popularity of Crypto!
Source: https://newsbit.nl/populariteit-xrp-neemt-explosief-toe-6-miljoen-actieve-wallets-en-koers-in-de-lift/
