XRP rose 280% in Q4 2024, starting at 0.71 USD and reaching 2.70 USD by December 30. This significant rise is attributed to various factors, including Trump’s election and new Federal Reserve policies.
Trading volumes soared to an average of 5 billion USD daily, especially on December 2 when XRP transactions surpassed 25 billion USD. The dominance of long-term investors signals a shift in buying trends.
Post-resignation of Gary Gensler, speculations arose about favorable outcomes for Ripple. Trump’s pro-crypto stance and ETF applications by significant players indicate heightened institutional interest in XRP.