XRP Nears 2018 High Amid Large Ripple Wallet Transfer and Market Developments
2025-07-21 09:55:19
Main Idea
XRP is nearing its 2018 high due to a large internal transfer by Ripple and positive regulatory developments, including the Genesis Act and the launch of an XRP-focused ETF.
Key Points
1. A significant transaction of 210,669,117 XRP (valued at ~$738 million) was moved internally by Ripple, drawing market attention.
2. XRP's price surged 20% in 24 hours, approaching its 2018 peak of $3.85, driven by regulatory clarity and investor interest.
3. The Genesis Act's stablecoin regulations have boosted confidence in Ripple's ecosystem, particularly its RLUSD stablecoin.
4. Despite a minor pullback, XRP maintains upward momentum, trading around $3.56, with potential for further appreciation.
5. The combination of large XRP transfers and regulatory progress may attract renewed investor interest in the broader crypto market.
Description
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