XRP, the third-largest cryptocurrency, is bucking the trend today with a nearly 4% price jump during trading hours. This positive movement is especially notable considering Bitcoin’s recent struggle – it’s been rejected by its 200-day moving average, and its price has dropped by as much as 2.5%. XRP’s strength and increased buying interest really stand out against this backdrop.

At least, that’s the feeling shared by well-known crypto trader “DonAlt.”

In a recent post on X, the popular trader emphasized XRP’s remarkable strength today. Yet, DonAlt finds this rally a bit “odd” because it seems to be going against the overall market trend.

Specifically, he suggests this unusual surge might be driven by insider buying.

That’s certainly a striking suggestion! However, XRP moving against the general market isn’t entirely unexpected. After all, XRP has its own unique stories swirling around it, like the ongoing buzz about a potential XRP ETF and the long-running Ripple vs. SEC legal battle.

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This price surge could be fueled by a couple of key factors. Perhaps it’s related to CBOE, partnering with a massive $1.5 trillion financial institution, filing for an XRP ETF. Or, maybe it signals that the drawn-out legal fight between Ripple and the SEC is finally approaching a resolution.

Indeed, XRP’s price isn’t just rising, it’s really taking off! Even a seemingly small 3% jump for an asset as large as XRP, with its $134 billion market cap, translates to a massive $4 billion increase in value in just 24 hours.

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It’s a pretty safe bet that the market is anticipating some significant news around XRP, and that anticipation is being reflected in its price. The big question, of course, is: what exactly *is* that news going to be?