XRP hits a new high since 2019, with a 24-hour increase of over 28%, surpassing Solana in market value to rank third

远山洞见2024/12/02 03:49

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On December 2nd, Ripple's native token XRP hit a new high since 2019, with a 24-hour increase of 28.83% and a market value of $136.56 billion, surpassing Solana to rank third in cryptocurrency rankings. According to Infinite Market Cap data, XRP's position in the global asset market value ranking has also risen 39 places, surpassing Meituan ($129.65 billion) and Citigroup ($134.03 billion) to rank 139th.

The core factor driving the surge of XRP this time is that with Trump about to take office, the regulatory pressure that Ripple has faced for many years has significantly eased, and the market's expectation of the stablecoin bill RPUSD is further strengthened. At the same time, the arrival of the counterfeit products season has rotated funds from mainstream assets such as BTC, ETH, and SOL, making XRP a new target for capital inflows. In addition, the popularity of XRP on social media and communities continues to rise. Solana co-founder Toly posted on X (formerly Twitter) to support XRP, stating that "we need a national XRP reserve."

The market heat of XRP is continuing to heat up, and all parties in the market are highly concerned about whether it can continue to hit new highs in market value in the future.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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