This Data on XRP Broke a Record, the Price Exceeded $3!

Bitcoin (BTC) ve altcoinAs the rise begins again in XRP made a major breakthrough.

The XRP price rose 50% in January to over $3, reaching a seven-year high. Continuing its 240% rise in the last quarter of 2024 with this rise, XRP surpassed the stablecoin giant Tether and rose to third place.

Whale accumulation and increasing pressure behind XRP rise XRP ETFWhile it was stated that there was an expectation for , ATH in XRP’s futures open interest was cited as another reason for the increase.

Analysts said that the XRP price has achieved the fastest rise in recent years, with record activity in XRP-related derivatives.

At this point, XRP’s perpetual futures open interest reached an all-time high of 2.34 billion XRP.

This is well below the overheated 100% in early December, which indicates extreme bull leverage, analysts said, adding that the XRP market is much healthier and supports continued price increases.

Diego Cardenas, an OTC trader at digital asset platform Abra, said XRP-specific factors combined with broader crypto market dynamics are supporting the ongoing bullish momentum.

“Cryptocurrencies continue to recover from Monday’s decline and Bitcoin has surpassed the $100,000 level.

The broader market is also recovering. Altcoins such as XRP and XLM stand out in this rise.

XRP regained the 3rd place among cryptocurrencies and surpassed BlackRock’s market cap.

“This increase is driven by a growing number of partnerships, the launch of Ripple’s stablecoin RLUSD, and speculation about a potential spot XRP ETF.”

XRP It continues to trade at $3.11 with an 8.5% increase in the last 24 hours.

*This is not investment advice.