XRP recently surged 45%, approaching its $0.74 year-high. Analysts caution that FOMO and funding rates on major exchanges could influence further gains.

XRP has posted a massive rise this week, gaining over 23% following an explosive performance on Tuesday. The token’s recent performance contrasts sharply with last week, when broader market momentum, spurred by Donald Trump’s U.S. presidential election victory, lifted most cryptos except XRP.

However, XRP has rebounded, climbing 7.13% in the past 24 hours, drawing increased investor interest.

According to the analytics platform Santiment, XRP has witnessed a surge in social discussions. Over 4% of all crypto-related conversations now center around XRP, fueled by its 45% price breakout over an eight-day period.

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