XRP News: The crypto has made a new record crossing the brief $1 mark today, sparking optimism in the broader market.-web3.0-php.cn

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XRP News: The crypto has made a new record crossing the brief $1 mark today, sparking optimism in the broader market.

Mary-Kate Olsen

Nov 17, 2024 am 12:16 AM

xrp Breakout Whales Buying Ripple

Notably, the rally comes as Ripple whales have continued their accumulating, signaling growing interest in the crypto.

XRP News: The crypto has made a new record crossing the brief src=

Ripple (XRP) price has surged to a new high above the crucial $1 mark on Friday, March 10. The crypto market has noted a strong rally over the last few days, led by a Bitcoin price surge, especially after Donald Trump’s election win. XRP price also surged by over 10% in the last 24 hours to trade at $1.02 at press time.

Notably, the rally in XRP also comes as key crypto figures have shared bullish comments on the broader crypto market under Trump’s presidency, which have sparked further market optimism.

Ripple Whale Buying Sparks Market Optimism

Crypto market expert Ali Martinez highlighted large Ripple whales accumulating millions of XRP tokens over the last few days. According to his data, these whales have been accumulating XRP at a staggering rate of 320 million over the last 72 hours.

This also reflects the growing market interest in XRP amid positive market trends. Notably, the crypto has also surged by over 200% since the start of 2023. At the same time, XRP price has also rallied by over 30% in the last 30 days.

Prominent crypto market expert highlights large Ripple whale buying. Source: Ali Martinez

Meanwhile, as reported earlier, Ripple CEO Brad Garlinghouse recently shared bullish comments on the crypto market in an interview with FOX.

Highlighting the growing trend of crypto issued by US firms like Solana (SOL), Cardano (ADA), and others, he noted that these tokens have outperformed others due to anticipation over clear regulations in the US.

At the same time, he also highlighted the growing interest in crypto from US firms and officials, especially after Trump’s election, which could lead to favorable policies for the crypto space.

Moreover, he also added that Donald Trump’s presidency could be a transformative opportunity for the digital assets space, with crypto markets expecting pro-crypto policies to further boost market confidence.

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