Last week, XRP experienced a surprising surge in value, surpassing the $1 mark for the first time in three years. This rally caught many off guard, as XRP had been underperforming for a while. Ripple CEO Brad Garlinghouse attributed the price increase to easing regulatory challenges in the cryptocurrency industry, which could be influenced by the recent election of Donald Trump as President. Investors are optimistic about a resolution to the Ripple vs. SEC case, speculating that the appeal could be dismissed under the new administration. The surge in XRP's value also led to a spike in global interest, particularly in regions like Australia, South Africa, Canada, and the U.S. On-chain analysis reveals that large wallets have been accumulating XRP while smaller retail wallets have been selling off their holdings. This pattern of key stakeholders increasing their holdings during periods of retail-driven uncertainty is a key factor behind XRP's sustained momentum.



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