In November 2024, Ripple's XRP experienced a significant surge in price, increasing by 364%.
The surge in XRP's price can be attributed to various factors:
The political landscape shifted with Donald Trump's victory in the U.S. election, which was seen as positive for the crypto community. The resignation of SEC Chair Gary Gensler also fueled optimism.
Whale activity played a crucial role in driving the price surge, with large investors accumulating substantial amounts of XRP.
The anticipated launch of Ripple's stablecoin, Ripple USD (RLUSD), is expected to enhance XRP's value.
Rexas Finance (RXS), a new cryptocurrency specializing in the tokenization of real-world assets, is also gaining attention. The project has demonstrated strong investor confidence and offers innovative tools for asset tokenization. Analysts project that RXS could yield returns ten times greater than XRP.