XRP RIPPLE HOLDERS- TRUMP'S NEW EXECUTIVE ORDERS JUST CHANGED EVERYTHING!
My Financial Friend
Introduction to XRP Update
The host, Sam, discusses recent changes in XRP due to President Trump's executive orders and the release of Ripple's Q4 2020 report.
Q4 XRP Markets Report Highlights
- XRP rebounded in Q4, surging by 280% after years of market manipulation by the SEC.
- The demand for XRP products continued on a positive trajectory.
- Wisdom Tree and Coin Shares filed an S1 for a spot XRP ETF, which could make it easier for people to buy XRP through their brokerage accounts.
Executive Order Impact
- President Trump's executive order aimed to provide regulatory clarity and fair banking access for legal crypto businesses.
- The order promoted the U.S. dollar sovereignty through lawful dollar-backed stable coins.
- It also tried to ensure fair access to banking services and allowed banks to custody and use crypto, which is significant for XRP.
Market and Regulatory Environment
- The SEC 2.0 is working towards providing clarity for cryptos.
- A group in the Senate is looking into digital assets.
- There are efforts to stop CBDCs in the U.S. and to create a strategic crypto reserve.
XRP Performance and Metrics
- XRP's realized volatility declined during the first half of Q4 2024 but picked up after the presidential election.
- The seven-day average daily volume for XRP was about $1.9 billion, more than any other cryptocurrency except for Ethereum and Bitcoin.
- The XRP spot exchange volume spiked up to $25 billion in one day.
- The use of the XRP Ledger and the number of new wallets increased significantly, with a 404% increase in new wallets.
- The volume on DEXes spiked up 1,500%, from $63 million to over $1 billion.
Outlook and Conclusion
- The quarter was great for XRP in terms of price and outlook.
- The increase in wallets, volume, and the use of stable coins like RLUSD is beneficial for Ripple and the ecosystem.
- There's potential for large companies to get into stable coins, which could be fascinating to watch.
- XRP could do well, but it's a high-potential, high-risk investment.