- XRP got 63% of the votes
- Brazil’s securities regulator has approved the country’s first spot XRP ETF
- Reports indicate that large investors have accumulated over 150 million XRP within a 48-hour period
A poll on X showed some surprising results, suggesting XRP might currently be more popular than Bitcoin or Ethereum.
A popular X account writing about Bitcoin, with almost 200,000 followers, asked: “if Elon and Trump give out $5,000 DOGE checks at the end of the year, what are you buying?”
XRP Wins By Wide Margin in Hypothetical Poll
Over 20,000 people voted and XRP got around 63% of the votes, with Bitcoin earning approximately 30%, and Ethereum only 2%.
This was arguably unexpected, but it does show XRP’s rising popularity in recent times.
This result prompted some users to tag David Schwartz (CTO of Ripple), who responded with humor.
After being stagnant for years, XRP shot up in the last several months, with recent events putting it in the spotlight.
For instance, recently The US Securities and Exchange Commission (SEC) acknowledged applications for XRP-focused exchange-traded funds (ETFs) from asset managers such as Grayscale and Bitwise.
While this acknowledgment doesn’t mean approval, it initiates a review process and has fueled optimism about potential institutional adoption of XRP.
Brazil Approves First XRP ETF, Boosting Global Recognition
In addition, just today, Brazil’s securities regulator has approved the country’s first spot XRP ETF, the Hashdex Nasdaq XRP Index Fund. This move could mean growing international acceptance and could lead to increased investment in XRP. At the very least, it adds more recognition to XRP.
Whale Accumulation
Recent reports indicate that whales have accumulated over 150 million XRP within a 48-hour period. In addition, three days ago, whales acquired 60 million XRP in one day.
Such notable accumulation shows strong confidence in XRP’s future performance and it can influence upward price momentum.
Related: XRP Whales Continue Accumulation Spree, 20 Million More Added
Analysts Eye $3 XRP if Trends Continue
Analysts believe that if these trends continue, XRP could test resistance levels around $3 in the near future, especially if an ETF receives approval or further institutional partnerships are announced.
Will XRP’s price rise to that point or even more than that is yet to be seen, but a good deal of crypto enthusiasts seem very interested in the cryptocurrency lately, and the poll is a solid evidence to that.
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