XRP Leads Key Ranking on Prominent Exchange
Recent data from crypto exchange Uphold, disclosed by Dr. Martin Hiesboeck, the Head of Research, unveils an intriguing development: XRP has dominated the trading scene on the platform during the week spanning from November 18 to November 25. Impressively, almost 75% of users engaged in buying activities involving XRP.
What sets this trend apart is the positioning of XRP against major players in the crypto space. Notably, Bitcoin (BTC) and Ethereum (ETH), the two leading cryptocurrencies by market capitalization, found themselves in the fifth and eighth spots, respectively. Kaspa (KAS) and Stellar (XLM) trailed closely behind XRP, securing the second and third positions.
The top traded assets on @UpholdInc #Ascent this week. ⬆️ pic.twitter.com/nUOuGjxhz4
— Dr Martin Hiesboeck (@MHiesboeck) November 26, 2023
This recent feat is a continuation of XRP’s prominence in the trading realm. Earlier this year, Ripple’s token held the title of the most traded altcoin on US-based cryptocurrency exchanges. The subsequent spots were occupied by Solana (SOL), Litecoin (LTC), and Dogecoin (DOGE).
The collaboration between Uphold and Ripple, initiated in late October, has played a pivotal role in bolstering XRP’s standing. The partnership aims to fortify the cross-border payments infrastructure, as highlighted by Simon McLoughlin, Uphold’s Chief Executive Officer. McLoughlin emphasized the synergies between the two entities, emphasizing the efficiency of crypto-to-fiat transfers and bank payouts achieved through their combined strengths.
In response to this strategic partnership, Uphold not only doubled the XRP airdrop amount but also initiated a fresh giveaway for November. This giveaway offers a chance for one fortunate client to receive 50,000 XRP, equivalent to $32,000 at current rates. These initiatives underscore the commitment of Uphold and Ripple to engage and reward their user base, further solidifying XRP’s position as a sought-after digital asset in the crypto landscape.
Analyst Gives Target for 2025
Amidst the recent correction in the cryptocurrency market and a modest decline in XRP’s price, there remains a notable optimism among analysts about Ripple’s coin potentially reaching unprecedented heights. One such optimistic voice is EGRAG CRYPTO, a prominent Twitter user, who has outlined ambitious price targets for XRP.
Related: XRP Price Analysis: XRP Price Could Take Hit Below This Support
EGRAG CRYPTO suggests that if XRP successfully surpasses key milestones at $3 and $5.80, it could embark on a trajectory towards $6-$7. Going even further, the analyst envisions a remarkable surge, setting a target of $27 for XRP. Drawing parallels with the 2017 bull run, the analyst sees this surge as a plausible outcome, predicting an astounding price increase of almost 4,500%. This surge is anticipated to materialize by the middle of 2025. Additionally, the analyst projects XRP’s value to rise to approximately $1.30 in 2024, with a spike to $0.70 by the end of the same year.
#XRP The Train 🚂Next Stops: $1.3-$3-$5.8-$27:
🔍 Macro View:
Reviving echoes from the 2017 surge, aiming for $27 feels like a plausible target. The markers at $3 and $5.8 stand as critical milestones, yet pushing to $6-$7 might come with some turbulence. These ambitious goals… https://t.co/Aojv3sYmtG pic.twitter.com/c0RSHhlFnA— EGRAG CRYPTO (@egragcrypto) November 27, 2023
In a call to the “XRP Army,” EGRAG CRYPTO advises steadfastness, anticipating a surge of liquidity into XRP during the imminent bull run. The analyst underscores XRP’s perceived safety as an investment choice, attributed to its regulatory clarity.
Another voice echoing optimism is Kyren, who believes that the next bull cycle could be particularly special for XRP. Kyren points to several factors contributing to this potential rally, including Ripple’s favorable legal outcomes against the US Securities and Exchange Commission (SEC), the company’s engagements with central banks globally, and the anticipated re-listing of XRP on major cryptocurrency exchanges.
Reflecting on XRP’s historical performance, Kyren recalls the impressive gains during the bull market preceding 2016-2017, where XRP surged from under $0.01 to well over $3.50. Considering recent developments with XRP and Ripple, Kyren speculates on whether the stage is set for another significant surge by the pioneer of enterprise blockchain utility.
