Reported 2 days ago
XRP has experienced a remarkable 260% increase over the past month, significantly outperforming Bitcoin (14% gain), Ethereum (15%), and Dogecoin (1%), largely due to Ripple's regulatory approval of its RLUSD stablecoin. This stablecoin aims to rival USDT and USDC and is fully backed by USD deposits and U.S. Treasury bonds. Despite XRP's surge to $2.14, profit-taking and a decline in active addresses indicate a cooling investor interest, while whale activity has risen, suggesting strategic movements in the market.
Source: YAHOO