The XRPL decentralized exchange (DEX) has experienced rapid expansion, with liquidity quadrupling in under three months and surpassing $20 billion. This growth demonstrates the increasing demand for XRP's decentralized trading infrastructure and its expanding role in the broader crypto market. XRP itself has been performing well, surging by 44% since the beginning of the year and reaching a market capitalization of $191 billion. The rise of Ripple-based meme coins, such as PHNIX, is also contributing to this growth. Retail interest in XRP has skyrocketed, indicated by technical indicators and the accumulation of XRP by whale addresses. Overall, these developments suggest a bullish outlook for XRP in the coming months.



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