Ripple’s XRP Transactions Worth At Least $1M Skyrockets As Trump’s Effect Comes Into Full Swing

XRP continues to stamp its authority as a formidable force across crypto circles, given that it recently flipped Tether (USDT) to become the third-largest cryptocurrency based on market cap.

So, what’s igniting the XRP fire? Well, this altcoin is seeing skyrocketing transactions, among other bullish trends.

Renowned market analyst Ali Martinez acknowledged, “The number of transactions over $1 million on the XRP network is on the rise, hitting 341 transactions in the past 24 hours.”

Source: Santiment

It, therefore, means that the presence of whales and institutional investors is heavily felt in the XRP ecosystem, depicting heightened confidence and interest.

Is it a Matter of When XRP Hits a New All-Time High?

XRP has significantly turned tables, given that it had been gridlocked in a stagnant symmetrical triangle for the better part of three years as the lawsuit between Ripple and the United States Securities and Exchange Commission (SEC) intensified.

XRP is currently trading at $3.12, a stone’s throw away from its all-time high (ATH) price of $3.84 set in January 2018.

Therefore, it seems it’s not a matter of if but when XRP will reach new historical highs, given that it recently breached the psychological threshold of $3, a scenario last seen in 2018.

With Donald Trump’s effect continuously bouying XRP sentiment, it seems the altcoin is eyeing a roller coaster ride in 2025.