Hold onto your hats, folks! American investors are diving headfirst into XRP, and it's not just a ripple in the water—it's a tidal wave of interest! Ripple's big boss, Brad Garlinghouse, has been whispering sweet nothings to the U.S. government, suggesting that XRP should be part of Uncle Sam's crypto treasure chest.
In a surprising twist, XRP has leapfrogged over bitcoin on Coinbase, becoming the most traded digital asset. Yep, you heard it right! It looks like American crypto enthusiasts are falling head over heels for Ripple's native coin.
The buzz kicked off shortly after Garlinghouse had a chinwag with President-elect Donald Trump. The topic? Expanding the crypto reserve to include more than just the ol' faithful BTC. Could XRP be getting a presidential nod?
On the trading front, XRP is on fire! With a jaw-dropping 24-hour trading volume of over $1.67 billion on Coinbase, XRP is outshining BTC, which racked up a cool $1.4 billion. This means XRP is hogging 23.57% of the action, leaving BTC in the dust with 19.84%.
Yet, on Binance, BTC still reigns supreme, but XRP is nipping at its heels. Unfortunately for our American friends, Binance is a no-go zone for them.
What's fueling this XRP mania? Well, with Trump about to take the reins as the next U.S. president, there's chatter that crypto, especially those homegrown like XRP, SOL, and USDC, might get the royal treatment.
Rumor has it that the Trump administration might give the green light to an XRP exchange-traded fund (ETF), letting local investors get a slice of the third-largest crypto pie. Betting platforms show 67% of folks are banking on an XRP-backed ETP this year. Big players like Bitwise, Canary Capital, and WisdomTree are already knocking on the SEC's door for that sweet XRP ETF approval.
As the XRP frenzy takes hold, the coin's value has jumped over 4%, hitting $3.31. It's inching closer to its all-time high of $3.4 from way back in January 2018.
Market wizards are predicting that if Trump gives XRP the nod for the nation's crypto stash, we might see this digital dynamo breaking new ground. Stay tuned, the crypto world is buzzing, and XRP is the talk of the town!
