The native token of the XRP Ledger, XRP, has shown significant whale activity and reached a new all-time high after experiencing a surge in price over the past month. XRP's price has increased by over 440% in the last 30 days, propelling it to become the third-largest cryptocurrency by market capitalization. Several factors have contributed to XRP's success, including expectations of a pro-crypto administration following Donald Trump's recent victory in the 2024 U.S. presidential election. Investors are also anticipating a more favorable regulatory environment as the departure of U.S. Securities and Exchange Commission Chair Gary Gensler approaches. Additionally, the filing of several spot XRP exchange-traded fund (ETF) applications has contributed to the token's price surge. Despite ongoing legal battles with the SEC, Ripple, a major player in the XRP sector, achieved a significant legal victory in July 2023. XRP whale activity has played a substantial role in the recent price surge, with analysts suggesting that their transactions align closely with XRP price peaks. This spike in whale activity may indicate potential profit-taking or increased market activity.



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