Ripple (XRP) has seen significant growth this year, outperforming other cryptocurrencies like Bitcoin and Ethereum. This can be attributed to several factors. Firstly, the XRP Ledger network's total value locked in its DeFi ecosystem has reached a record high of $82 million, indicating continued growth. Additionally, Ripple USD (RLUSD) has experienced a surge in trading volume, suggesting active usage. There is also a high chance that the Securities and Exchange Commission (SEC) will approve multiple XRP ETFs this year, according to Polymarket users. Lastly, strong technical indicators, such as the formation of a bullish pennant pattern and support from moving averages, indicate potential further upside for XRP, with a key resistance level at $5 to be retested.



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