PANews reported on December 13 that Nexo research analyst Iliya Kalchev recently said that the recent sharp increase in XRP open interest indicates that its appeal continues to grow, its investor base has expanded, and trading activity has increased. This surge is believed to be related to favorable regulatory developments and a rebound in the crypto market. In addition, Kalchev believes that XRP's fundamental advantages and popularity are key drivers of its growth.
According to Coingecko data, XRP has broken through the $2 mark several times since December and has become one of the best performing altcoins in the past 30 days. At the same time, Ripple has obtained approval from the New York State Department of Financial Services (NYDFS) to launch the RLUSD stablecoin, which has further boosted market confidence. It is worth noting that XRP has an annualized yield of up to 12% on the financial products on the Nexo platform, providing investors with additional income opportunities and attracting user attention. Kalchev said that the trend of XRP will depend on Ripple's strategy and market maturity, and the current trend shows that its growth and relevance may continue.
