XRP's market value exceeds 100 billion euros to become the fifth largest, welcoming multiple Favourable Information, and subsequently bullish to 'this point'

$XRP has risen in the ranking of Cryptocurrency Market Cap

In the recent Cryptocurrency market, Ripple's $XRP coin has shown a strong upward trend, surpassing Binance Coin ($BNB) and becoming the fifth largest Cryptocurrency in terms of Market Cap. As of November 29th, $XRP's Market Cap has reached $101.8 billion, breaking the $100 billion mark for the first time in the past three years. This amazing rise is mainly driven by active trading by Whale investors, improved market sentiment, and changes in regulatory environment and other factors.

Image source: CoinGecko Ripple ($XRP) Market Cap breaks through 100 billion US dollars, becoming the fifth largest Cryptocurrency

According to market data, $XRP has experienced a pump of up to 230% in the past month, making it the most significant growth since 2018. In just a few weeks, the trading price of this cryptocurrency has rapidly surged from $0.05 to the current $1.79, attracting widespread attention from global investors. Analysts point out that this pump is not just speculative in nature, but also reflects the increasingly important strategic position of $XRP in the cryptocurrency ecosystem.

Two major Favourable Information factors driving the development of $XRP

Currently, $XRP is facing two good news, providing strong momentum for its future development.

First, on a legal level, the long-running lawsuit between Ripple and the US Securities and Exchange Commission (SEC) is about to be resolved, coupled with the cryptocurrency-friendly policy proposed by US President Trump, bringing unprecedented opportunities for $XRP. The Trump campaign team has stated that they will provide a clearer regulatory environment for cryptocurrency, which will undoubtedly greatly boost investor confidence.

Another major benefit is that, according to the report by 'Fox Business', the New York Department of Financial Services (NYDFS) is expected to approve Ripple's $RLUSD Stable Coin on December 4th, which will enable Ripple to enter the US Cryptocurrency market. This move not only demonstrates Ripple's efforts in regulatory Compliance, but also paves the way for its future business expansion. It is worth noting that Ripple's founder and CEO, Brad Garlinghouse, has donated $25 million to the Trump campaign, and this strategic political involvement has been interpreted by the market as enhancing the favorable position of $XRP in the regulatory environment.

Technical and Institutional Investment Outlook

In terms of Technical Analysis, XRP has broken through multiple key resistance levels and is currently trading around $1.7. Several cryptocurrency analysts predict that if the current trend continues, XRP may break the $2 mark before the end of the year. Looking further ahead, it is estimated that the price of XRP may average between $4 and $5 by 2025, based mainly on Ripple's positive progress in terms of law and regulation. Among them, analyst Dark Defender even expressed a new target price of $11 for XRP.

Image source: X Dark Defender stated on X that the new target price for $XRP is $11

On the institutional investment side, asset management companies such as BlackRock and JPMorgan have started applying for $XRP-related exchange-traded funds (ETFs). This series of actions not only indicates the increasing interest of institutional investors in $XRP, but also heralds the possibility of the cryptocurrency entering a more mainstream investment industry. Analysts believe that if the ETF is approved, it will bring in a large amount of institutional funds for $XRP, potentially further boosting its market capitalization and price.

Image source: Asset management companies such as X BlackRock and JPMorgan have started applying for $XRP-related ETFs

It is worth mentioning that the activities of Whale investors are also supporting the rise of $XRP. Recently, the market has observed multiple large transactions of $XRP, including a transaction of up to 104 million coins, worth 167 million US dollars. These large-scale transactions not only demonstrate the confidence of large investors in $XRP, but also to some extent drive its market momentum.

Overall, $XRP is in a crucial stage of development. From regulatory environment and technological breakthroughs to institutional investments, various signs indicate that this cryptocurrency is gradually realizing its long-term vision of becoming a global payment infrastructure.

[Disclaimer] There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific situation. Investing based on this is at your own risk.

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