XRP near ATH
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 16th January 2025.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
XRP Flirts With Pinnacle
XRP crossed the $3 mark on Wednesday and as of Thursday morning was right within spitting distance of a new all-time high above $3.40. This surge is happening amidst growing speculation that an XRP ETF must be in the works and would likely win approval by a more crypto-friendly SEC. Such a product could conceivably garner at least several hundred million dollars in asset flows if Wall Street analysts' estimates have it right.
It’s been seven years since the coin associated with Ripple last tasted $3.
The ATH of $3.40 came in early January of 2018. A long legal battle between the SEC and Ripple had until recently cast a dark shadow over XRP’s legitimacy. As of today at 8:30 a.m. (EST), the third-largest digital asset was $3.33 on a gain of 19.8% in 24 hours, according to CoinGecko.
What's down
Bitcoin Snags Key Level Then Slips
Bitcoin reclaimed a seat at the $100,000 table only to slink away as if not feeling all that welcome. At last check, BTC was $98,976.07, per CoinGecko. The largest crypto is green on the weekly time frame, up 6%. But it has slipped ever so slightly just within the past one hour. In the past 24 hours, BTC is down 0.2%.
What's next
Hedera Optimism, HBAR, Spiking
Another Top 20 coin we are watching romp Godzilla-style is Hedera (HBAR). It's up 19.5% to $0.36 over the past day. What, is there going to be an HBAR ETF, too? Likely, possibly, yes, at some point down the line as the U.S. regulatory climate warms — already there is an existing HBAR fund that trades publicly on the Frankfurt Stock Exchange — although the excitement today seems partly connected with an impending mainnet upgrade. DeFi-related partnerships, a new tokenization-facilitation emphasis and overall momentum has HBAR enthusiasts eyeballing $0.50, a mark not seen since September of 2021.
ETF fever has struck, though, no doubt. Canary Capital, a lesser-known fund manager relative to the likes of BlackRock and Fidelity, has filed paperwork for the launch of an HBAR-focused ETF in the U.S. That was back in November. Canary also recently launched the first U.S.-based HBAR Trust, a product that trades in (not entirely easy to access) OTC markets and which is aimed at high-net-worth investors and institutions. One wildly bullish analyst sees HBAR reaching at least $2.50 in 2025, per The CryptoBasic.
