CandleFocus XRP on Fire: Falconx Reports Explosive 10x Growth in Trading
2024-12-04
Author: Content Editor
XRP trading has seen a significant increase in volumes during Q4, driven by institutional investors and resulting in a tenfold growth in trading volume at Falconx. This surge is attributed to optimism about a more crypto-friendly regulatory environment under the incoming Trump administration, including the potential resolution of the SEC lawsuit against Ripple and approval of XRP-focused ETFs. As a result, XRP has experienced a price rally of over 400% since the U.S. presidential election and has surpassed tether to become the third-largest cryptocurrency by market capitalization.
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