XRP Transactions Top $1 Million in 24 Hours Ahead of Trump Inauguration

Bittime - XRP , the native coin of the Ripple network, is increasingly showing its dominance in the digital asset market. Recently, transactions on the XRP network have increased dramatically, with the number of transactions exceeding $1 million in the last 24 hours reaching 341 transactions.

This figure shows how active large and institutional investors are in capitalizing on XRP's potential. As the XRP coin continues to attract attention, especially ahead of President Donald Trump's inauguration which is believed to influence the crypto market, many are wondering if XRP will break the all-time high price (ATH) again.

Why is XRP gaining traction?

XRP has various factors that make it an attractive option for many investors. One of them is large transactions that show the confidence of large and institutional investors who support this coin.

XRP recently managed to beat Tether (USDT) and rose to become the third largest cryptocurrency by market capitalization. In addition, the advancement of Ripple's network as an international payment platform has also boosted the value of XRP.

This increase in transactions certainly shows that XRP is gaining trust, both from individuals and large institutions. This trust is very important because it affects the price of XRP and has a positive impact on the adoption of XRP in the future.

Also read: XRP and Solana Rise Ahead of Trump Inauguration

Will XRP Reach ATH Again?

XRP is currently trading at around $3.12, close to its all-time high (ATH) of $3.84 recorded in January 2018. According to market analysts, with the continued rise in the number of large transactions and the influx of more institutional investors, it is very likely that XRP will soon surpass its ATH.

Source: Santiment

Some experts predict that it is only a matter of time, given the momentum driven by positive market sentiment and the presence of major influencers like Donald Trump in the crypto space.

XRP has also shown strength by surviving a lawsuit with the US Securities and Exchange Commission (SEC). Through its struggles, XRP is increasingly being recognized as a strong and resilient digital asset, which makes it an attractive option for many investors.

With a growing bullish trend and promising prospects, XRP is likely to skyrocket again. Entering 2025, with more attention being paid to Ripple and the XRP coin, many expect XRP to reach new highs.

Read also: XRP Price Approaches All Time High (ATH), Here's What Experts Say!

Future Prospects of XRP

XRP has many opportunities to continue growing. With the continued increase in large transactions and the continued increase in users, XRP shows great potential as one of the most watched digital assets.

As one of the largest coins in the market, the outlook for XRP is very bright, especially amidst the anticipation of how Trump's inauguration could affect market sentiment.

So, if you are interested in investing in XRP, now may be the right time to pay attention to the further development of the xrp coin and capitalize on the opportunities that exist in the market.

FAQ

What is XRP Coin?

XRP Coin is a digital asset used on the Ripple network, which aims to facilitate fast and low-cost transactions between different currencies around the world. XRP is often used in international payment systems.

Will the price of XRP reach the ATH (All Time High) again?

XRP is currently approaching the all-time high (ATH) recorded in 2018. With more large transactions and support from institutional investors, many analysts predict that XRP has the potential to surpass its ATH in the near future.

Why have XRP transactions increased in the last 24 hours?

The number of transactions on the XRP network has increased significantly, with over 341 transactions above $1 million in the last 24 hours. This increase shows that XRP is increasingly in demand by large and institutional investors, reflecting high confidence in the XRP coin.

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References

zycrypto.com, Ripple's XRP Transactions Worth At Least $1M Skyrockets As Trump's Effect Comes Into Full Swing, accessed on January 20, 2025.

Author: AWW