Altcoins News
By Julie Binoche
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XRP delivered one of the most impressive performances in the crypto market following the 2024 U.S. election, gaining over 445% in less than a month.
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Between November 5 and December 2, 2024, XRP’s explosive rise was fueled by the election outcome, which many perceived as pro-crypto, along with optimism surrounding Ripple’s…
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Crypto analyst Jose Luis Cava believes the explanation lies in Ripple’s continued dominance over XRP’s supply and structure.
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From a performance standpoint, XRP still managed to post a 436.6% gain over the past year—an impressive feat, especially compared to Bitcoin and Ethereum.
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Yet, price stagnation isn’t the only issue. Institutional demand for XRP continues to trail far behind its peers.
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Many market participants cite Ripple’s influence and XRP’s perceived centralization as reasons for this lack of institutional traction.
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Further adding to the concern is the controversy surrounding Ripple’s dual-ledger system. Currently, the company operates both a public XRP Ledger and a private permissioned…
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For XRP to return to the bullish momentum seen in late 2024, several major hurdles need to be addressed.
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The XRP community remains hopeful, but the sentiment has clearly shifted. Traders and analysts are no longer content with legal victories alone—they’re looking for tangible…
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Until then, XRP may continue to face strong resistance, both in price and perception. The market has matured, and investor expectations have changed.
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