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Ripple News: Will Rumors of US Digital Currency Reserves Boost XRP Price?
With an impressive growth rate of 8.9%, Ripple's XRP has outperformed most of the top ten cryptocurrencies. Experts believe that rumors about the possibility of XRP being included in the US cryptocurrency reserve have helped this asset achieve such significant growth. Meanwhile, a report, without directly mentioning Ripple, revealed that Trump is not satisfied with how Ripple behaved during a crucial period of his election campaign. Let's dig deeper to learn more details! Trump's accusations against Ripple According to a report published on Axios, in a conversation with a representative of a company, US President-elect Donald Trump expressed dissatisfaction with the financial support that the company has given to Kamala Harris' group. Ripple co-founder Chris Larsen has donated at least $10 million to a political action committee supporting Democratic candidate Kamala Harris in the US presidential campaign. Rumors about a US digital currency reserve fund with XRP A story published in the New York Post has sparked discussions about the possibility of Ripple's XRP being added to the proposed cryptocurrency reserve. When asked about their role in spreading rumors about the potential inclusion of XRP in the reserve, the company denied any involvement in spreading the story. XRP price hits a record high
Only in the past five days, the XRP market has witnessed a growth rate of about 32.48%. At the beginning of this month, the price was at $2.0841. Since then, the price has increased by about 59.17%. Yesterday, the market reached a seven-year high of $3.40. Currently, the price is at $3.3204. Experts believe that retail investors and whale traders played a crucial role in the recent price surge of XRP in the market. Onchain activity increases for XRP Reports emphasize that the number of daily active XRP wallets has increased from 10,000 to 100,000 in the past year. Reports also highlight that liquidity on the XRPL DEX has quadrupled. The data shows: market participation is increasing. In summary, Trump's criticism of Ripple and the market frenzy surrounding XRP have highlighted the intricate intersection of politics, cryptocurrency, and market psychology.