Discussions are arising within the cryptocurrency community as Ripple‘s native digital currency, XRP, experienced an influx of funds surpassing that of both Bitcoin and Ethereum, potentially signifying a potential rise in XRP’s value.
Last week, I observed a $25 million departure from Bitcoin’s digital wallets, as per the latest report from CoinShares. Conversely, Ethereum experienced a minor inflow of approximately $2 million, and Solana saw an outflow worth $0.4 million.
In contrast to other situations, XRP emerged as one of the leading altcoins, drawing an investment of $5.7 million. Notably, this surpasses both Bitcoin and Ethereum’s current investment levels. This influx has sparked a wave of optimism about XRP, with the growing interest in digital assets serving to further bolster this sentiment.
During the early months of 2025, both Bitcoin and Ethereum experienced significant increases in investments, with Bitcoin receiving approximately $573 million and Ethereum garnering around $11 million. In contrast, the inflow into XRP was relatively modest compared to these two during this same period.
Despite a decrease in XRP’s trading volume by 12%, its price has risen approximately 3% to $2.45. This growth suggests optimism among investors, as indicated by an increase of around 65% in XRP Futures Open Interest, which signifies growing confidence in the coin’s future prospects.
2024 saw digital asset investments surge to a new high of $44.2 billion, nearly quadrupling the previous peak in 2021. Despite recent withdrawals, Bitcoin remained the frontrunner, amassing approximately $38 billion, or roughly one-quarter of the total funds managed.
Last year was quite favorable for Ethereum as well, with a substantial accumulation of about $4.8 billion – that’s more than twice its inflow from the previous year. On the other hand, alternative coins (not including Ethereum) attracted $813 million in investments, which makes up only 18% of the total assets under management.
Winning the election by Donald Trump has ignited increased enthusiasm among investors specializing in digital assets. A recent report from CoinShares reveals that the United States significantly impacted the increase in inflows last year, as U.S.-based ETFs contributed $44.4 billion of the total sum.
As a crypto investor, I’m keeping my fingers crossed for a more favorable regulatory landscape in the US, with whispers suggesting a possible resolution in the Ripple-SEC case under the new SEC Chair, Paul Atkins. This could potentially propel XRP to unprecedented heights. However, the current SEC Chair, Gary Gensler, might introduce measures that could temporarily dampen XRP’s performance. Regardless, analysts remain optimistic about its future growth prospects.
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2025-01-06 21:24