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$XRP's recent surge is attributed to a combination of factors, including favorable regulatory progress, a rebound in the crypto market, and the token's fundamental strengths and popularity. According to Nexo research analyst Iliya Kalchev, the significant increase in $XRP open contracts indicates its growing appeal, expanding investor base, and increased trading activity ¹. XRP has repeatedly broken through the $2 mark since December and has become one of the best-performing altcoins over the past 30 days. Ripple's approval by the New York State Department of Financial Services (NYDFS) to launch RLUSD stablecoin has further boosted market confidence. Several key factors are driving XRP's growth, including: - *Ripple's Legal Victory*: The partial victory against the SEC in August 2024 has restored investor confidence and increased adoption of XRP Ledger by financial institutions. - *Rising Institutional Interest*: Growing adoption by banks and payment providers, as well as a potential spot XRP Exchange-Traded Fund (ETF), are contributing to XRP's upward momentum. - *Bullish Market Sentiment*: The overall cryptocurrency market has been performing well, with Bitcoin stabilizing around $97,000, creating a positive environment for altcoins like XRP. While the future looks bright, investors should remain cautious due to regulatory developments, market volatility, and competition. As Kalchev stated, XRP's trend will depend on Ripple's strategy and market maturity ¹.

$XRP's recent surge is attributed to a combination of factors, including favorable regulatory progress, a rebound in the crypto market, and the token's fundamental strengths and popularity. According to Nexo research analyst Iliya Kalchev, the significant increase in $XRP open contracts indicates its growing appeal, expanding investor base, and increased trading activity ¹. XRP has repeatedly broken through the $2 mark since December and has become one of the best-performing altcoins over the past 30 days. Ripple's approval by the New York State Department of Financial Services (NYDFS) to launch RLUSD stablecoin has further boosted market confidence. Several key factors are driving XRP's growth, including: - *Ripple's Legal Victory*: The partial victory against the SEC in August 2024 has restored investor confidence and increased adoption of XRP Ledger by financial institutions. - *Rising Institutional Interest*: Growing adoption by banks and payment providers, as well as a potential spot XRP Exchange-Traded Fund (ETF), are contributing to XRP's upward momentum. - *Bullish Market Sentiment*: The overall cryptocurrency market has been performing well, with Bitcoin stabilizing around $97,000, creating a positive environment for altcoins like XRP. While the future looks bright, investors should remain cautious due to regulatory developments, market volatility, and competition. As Kalchev stated, XRP's trend will depend on Ripple's strategy and market maturity ¹.

$XRP's recent surge is attributed to a combination of factors, including favorable regulatory progress, a rebound in the crypto market, and the token's fundamental strengths and popularity. According to Nexo research analyst Iliya Kalchev, the significant increase in $XRP open contracts indicates its growing appeal, expanding investor base, and increased trading activity ¹. XRP has repeatedly broken through the $2 mark since December and has become one of the best-performing altcoins over the past 30 days. Ripple's approval by the New York State Department of Financial Services (NYDFS) to launch RLUSD stablecoin has further boosted market confidence. Several key factors are driving XRP's growth, including: - *Ripple's Legal Victory*: The partial victory against the SEC in August 2024 has restored investor confidence and increased adoption of XRP Ledger by financial institutions. - *Rising Institutional Interest*: Growing adoption by banks and payment providers, as well as a potential spot XRP Exchange-Traded Fund (ETF), are contributing to XRP's upward momentum. - *Bullish Market Sentiment*: The overall cryptocurrency market has been performing well, with Bitcoin stabilizing around $97,000, creating a positive environment for altcoins like XRP. While the future looks bright, investors should remain cautious due to regulatory developments, market volatility, and competition. As Kalchev stated, XRP's trend will depend on Ripple's strategy and market maturity ¹.

On December 13, Nexo research analyst Iliya Kalchev recently stated that the significant increase in $XRP open contracts indicates its growing appeal, expanding investor base, and increased trading activity. This surge is believed to be related to favorable regulatory progress and a rebound in the crypto market. In addition, Kalchev believes that $XRP fundamental strengths and popularity are key drivers of its growth. According to Coingecko data, XRP has repeatedly broken through the $2 mark since December and has become one of the best-performing altcoins over the past 30 days. Meanwhile, Ripple's approval by the New York State Department of Financial Services (NYDFS) to launch RLUSD stablecoin has further boosted market confidence. Notably, XRP offers an annualized return rate of up to 12% on Nexo platform's financial products, providing investors with additional income opportunities and attracting user attention. Kalchev stated that XRP's trend will depend on Ripple's strategy and market maturity; current trends indicate its growth and relevance may continue.

Here is the summary of the crypto market as of the NYSE close on November 26, 2024: 1. BTC/USDT and ETH/USDT Price Action: BTC/USDT: Bitcoin is trading around $91,159, reflecting a daily gain of 1.98%. The coin has shown bullish momentum over the week, up 4.82%, and remains in the consolidation zone below its recent peak of ~$99,800​ $BTC ETH/USDT: Ethereum is at approximately $3,307.70, with a modest daily increase of 0.10%. Over the last week, ETH rose 6.53%, and analysts suggest the potential for another upward wave if it breaks above key resistance levels​. $ETH 2. Forex News Impacting Crypto: The U.S. Dollar Index (DXY) showed marginal strength, which usually weighs on crypto prices, but risk-on sentiment following recent Federal Reserve comments appears to be supporting the crypto market's upward trend​. $DYDX 3. Top 5 Gainers and Losers (24-Hour Performance): Top Gainers: DASH: +18.5% NEXO: +17.2% ZIL: +15.8% THETA: +14.6% CRV: +13.4% Top Losers: APT: -12.3% RNDR: -10.8% ARB: -10.5% GMX: -9.7% MKR: -8.9% 4. Market Insights: Market Cap: The total crypto market cap remains steady above $2.2 trillion, showcasing resilience despite macroeconomic uncertainties. Trend Analysis: Both BTC and ETH are attempting to establish clear breakout patterns, indicating potential continuation of the bullish cycle.