Ripple CEO calls the Q4 2024 a very important moment in XRP history, as the latest XRP Markets report emphasizes impressive growth indicators.
In particular, when the Ripple Q4 2024 XRP Markets report is released, the payment company CEO Blood Galling House He emphasized the importance of this quarter and explained it as one of the most notable times in the history of XRP.
“Q4 2024 was absolutely one of XRP History Books.” Garlinghouse has revealed that the quarterly report has revealed a dramatic conversion and that XRP has surged 280 %. The report also focused on relieving regulation pressure, increasing institutional interests, and changes in US regulations.
Q4 2024 was one of the XRP History Books.
Five different companies applying for XRP -related ETP in the United States (four more this month). $ RLUSD It was released and hit a market capitalization of $ 100 million within one month. In addition, the Ocheen XRPL DEX transaction volume reached $ 1 billion in the fourth quarter!
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-Blood Galling House (@bgarlinghouse) January 31, 2025
Surse of XRP 280 % and institutional demand
Ripple report XRP pointed out that the value of 280 % has increased by 280 % over the fourth quarter of 2024, marking a major recovery from long -term performance.
Ripple emphasized that XRP was the second most powerful candidate for the largest encryption assets before the US Securities and Exchange Commission (SEC) targeted Ripple in 2020. However, following the price Insufficient XRP performance At one point, it was pushed under the top 5.
Currently, the XRP has regained strength and is supported by strong transactions and growing trust in investors. The XRP is closed in the quarter as the third largest encryption asset, and it seems that the second spot is ready to start the struggle again.
In particular, the report revealed the spot XRP transaction volume After the US presidential election, it rose rapidly. In the fourth quarter, daily transactions were stable at $ 1 billion, but decreased to $ 500 million by mid -November.
After the election, the average activity increased to $ 5 billion per day, recorded on December 2, a record of $ 25 billion. Vinance led 36 % of the total spot volume, followed by Upbit (20 %) and Coinbase (9 %). US exchange such as Coinbase and Kraken gained market share after the election.
In addition, the institutional interest in XRP has been increasing, and major financial companies are taking measures to launch XRP -based investment products. Wisdomtree Participated in Bitiwise, CANARY CAPITAL, and 21 shares, and submitted the S-1 application form for Spot XRP Exchange-Traded Fund (ETF).
New US code policy and SEC development
In addition, the report confirmed the important role US election was held When promoting XRP growth. For the context, XRP's fourth quarter of the 2024 trend began on November 5 following the victory of the Donald Trump Election.
The new administration has promised to dismiss Gary Glywr, chairman of the anti -crypto SEC and create clear rules for the industry. After taking office, Trump signed a presidential order to promote the clarity of regulations and fair bank access for legal encryption business. In addition, a working group has been established to focus on the digital asset market.
In addition, the change in leadership at the SEC has brought a new perspective. For context A chair genceler resigned On January 20, the Trump administration has appointed Mark Ueda, who is known for criticizing the SEC's attitude toward the Cryptographic as chairman.
The growth of the XRP market and metric on the chain
On the other hand, the Volatility realized by XRP remained low at 40 % in early November during the fourth quarter, but surged over 200 % after the US election. By the end of the year, volatility settled to 160 %. The price of XRP peaked at $ 2.70 by late November, increasing by more than 500 % from the beginning of the quarter.
In addition, the average amount of XRP's daily transaction reached $ 3.4 billion on the highest -layer exchange. The ratio of XRP and bitcoin increased by 130 %. Bitcoin to hit ass About $ 108,000. XRP increased trading to stubcoin supported by US dollars and USD from 14 % in the third quarter to 25 % in the fourth quarter, but most of the transactions continued to include USDT.
The XRP ledger (XRPL) showed a strong oncheen activity despite the slight decrease in total transactions to 167 million. Automatic market manufacturer (AMM) In the swap, explosive growth was seen, increasing from $ 31.23 million in the third quarter to $ 774.15 million in the fourth quarter. This surge has contributed to over $ 1 billion in total DEX volume.
The new wallet work jumped significantly and reached 709,000 in the fourth quarter compared to 140,000 in the third quarter. This tendency has been promoted by the increase in the adoption of XRPL -based tokens and Myster -in -platforms. With the rise in XRP prices, trading fees have increased, and the total of XRP has reached 592,000 to 724,000 to 724,000 in the third quarter.
Disk Lamier: This content is provided by information and should not be considered as financial advice. The views described in this article may include the author's personal opinion, and does not reflect the basic opinions of cipher. Readers recommend a thorough investigation before making an investment decision. Crypto Basic is not responsible for financial losses.
