PANews reported on December 13 that Nexo research analyst Iliya Kalchev recently stated that the significant increase in XRP's open interest contracts indicates its growing attractiveness, expanding investor base, and increased trading activity. This surge is believed to be related to favorable regulatory progress and the crypto market rebound. Furthermore, Kalchev believes that XRP's fundamental advantages and widespread adoption are key drivers of its growth.
According to Coingecko data, XRP has broken the $2 mark multiple times since December and has become one of the best-performing Altcoins in the past 30 days. Meanwhile, Ripple has obtained approval from the New York State Department of Financial Services (NYDFS) to launch the RLUSD stablecoin, further boosting market confidence. It is worth noting that XRP offers an annual yield of up to 12% on Nexo's lending platform, providing investors with additional earning opportunities and attracting user attention. Kalchev stated that XRP's performance will depend on Ripple's strategy and market maturity, and the current trend suggests its growth and relevance may continue.
