The XRP rose 5.5% to $ 2.19 in the last 24 hours after a trio of catalysts converged to help cryptocurrency surpass the wider cryptocurrency market.
One of the catalysts was the launch of the XRP Micro Futures on Robinhood. The contracts give dealers more flexibility to focus on Cryptocurrency’s future price direction or hedge current positions considering their smaller size.
Regulatory fog thin as well. Friday, Ripple pulled his cross -clothing in his long -term US securities and exchange commission (SEK) lawsuit. SEC defendant Ripple back in 2020 over his XRP sale and claimed these violated securities legislation. SEC is expected to hand over its own appeal and leaves last year’s decision and orders Ripple to pay a civil penalty of $ 125 million to SEC, intact. The move could lift a lid that had kept some investors on the sidelines.
On-kain data rounded the bullish setup. The XRP headbook logged over a 1.1 million active addresses over the past week according to Crypto analyst Ali Martinez, who cited glass node data.
XRP’s increase so that it surpasses the wider crypto market with the wider Coindesk 20 (CD20) index increasing 1.7% over the past 24 hours.
