XRP Investors See $4B in Profits Over 3 Days

The cryptocurrency market is still very volatile, especially when it comes to new and emerging coins. That said, many investors are attracted to this type of investment plan, which could result in massive gains.

For instance, holders of Ripple’s cryptocurrency token, XRP, amassed over $4 billion in profits over a period of three days in early December of 2024. This incredible surge happened as a result of geopolitical activity, and the cryptocurrency is still likely to recover at an even higher price than it was prior to its crash.

So, what happened to create the volatility in the XRP value?

First, on December 3rd, South Korea’s President Yoon Suk Yeol declared martial law in his country due to the political chaos going on. According to reports, Yeol has been struggling with the opposition that controls his country’s parliament. In an effort to eliminate “anti-state” forces, he made the martial law declaration.

South Koreans were taken aback and confused by the President’s actions. The declaration resulted in what some are calling “political chaos” and “huge protests”. Hundreds of people descended on the parliament after the declaration resulting in the reversal of the martial law declaration after only just six hours.

Now, lawmakers are very likely to pursue a second attempt at impeaching President Yeol.

This crazy chaos resulted in the XRP plummeting. Panic selling among investors caused serious dips. South Korean exchanges were temporarily halted during the chaos, and at its lowest the XRP dropped a whopping 7%.

Thankfully, after this chaos, investors have been on a recovery effort, and the Relative Strength Index (RSI) shows that a price correction is imminent. Incredibly, XRP volume has risen to $44.5 billion. In other words, investors saw over $4 billion in profit as a result of the geopolitical activity that led to ripples in the market. Even better, some financial market experts are suggesting the XRP could reach an even higher peak in the coming weeks and months.

What Happens if You Lose Access to Valuable Cryptocurrency?

Since cryptocurrency markets are so volatile, it’s not uncommon for investors to purchase or gain access to digital tokens, hold on to them, and then forget about them or lose access to them over time.

For instance, if you lose a hard drive containing the passcode to your digital wallet, then you could have a lot of difficulty recovering your coins. Unfortunately, many digital wallet providers and cryptocurrency issuers do not have any way of helping you recover lost accounts or money.

The good news is that cryptocurrency recovery experts may be able to help depending on your circumstances. Here at Bitcoin Recovery Co., our team of licensed lawyers and top cyber security experts have partnered up to help individuals recover lost digital coins. We will help you by using proprietary algorithms and programs to break encryptions, check possible password combinations, and hopefully regain access to your digital wallet.

Get started now by contacting our team to take advantage of our team’s best cryptocurrency and digital wallet recovery techniques.