$XRP price is up 11.8% in the past 24hrs and now flips BNB as the 4th largest Market Cap 🔥 Some analysis here:

- Spot trading seems to be the main driver for the price increase.

- Two positive developments from last week: the Dubai Financial Services Authority (DFSA) approved Ripple under its virtual assets regime; Ripple also started working with the National Bank of Georgia (NBG) on the Digital Lari pilot project on CBDC.

-Whales concentrated: wallets with 100k to 1 billion XRP have gathered the most XRP this year, making up c.45.8%.

November 06, 2023 at 3:57 PM
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