Emre Yumlu 
One of the world’s leading cryptocurrency companies, XRP, has released its report for Q4 of 2024. Here are the details of the report!
Ripple’s Fourth Quarter Performance: A 280% Increase in XRP
In its Q4 2024 report, Ripple announced a remarkable 280% increase in XRP following the long-standing regulatory hurdles imposed by the U.S. Securities and Exchange Commission (SEC).
The company highlights that this recovery marks a significant milestone for the crypto market. The rise of XRP coincided with the U.S. administration’s statements pushing for clearer and fairer regulations for crypto businesses.
President Donald Trump’s remarks on regulatory clarity and banking access helped boost strong institutional and retail demand for XRP.
SEC Regulations and Factors Hindering XRP’s Growth
Ripple’s report recalls that prior to the SEC’s regulatory actions, XRP was the second most valuable cryptocurrency in the market. However, the SEC‘s legal interventions and market manipulation severely hindered XRP’s growth. As a result, trader confidence faltered and XRP’s expansion stalled. With regulatory hurdles easing and the Trump administration focusing on clearer regulations, XRP regained strong momentum and started growing once again.
Institutional Interest and Surge in Spot Trading Volumes
XRP’s strong rally in Q4 was supported by record trading volumes on major exchanges. Binance captured 36% of XRP’s spot trading volume, followed by Upbit Korea with 20% and Coinbase with 9%. XRP’s daily spot trading volume surged from $500 million to $5 billion, showing a significant increase. Notably, the large increase in Coinbase’s trading volume reflects growing confidence among U.S. investors in XRP. Additionally, institutional interest in XRP investment products has risen, paving the way for applications for an XRP ETF.
Ripple considers Q4 as a critical turning point for the cryptocurrency sector. With regulatory clarity and increasing institutional demand, XRP seems poised for more growth opportunities in the world of digital assets.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.