XRP climbed 5.5% to $2.19 in the past 24 hours after the trio catalysts fuse to help cryptocurrencies outperform the broader cryptocurrency market.
One of the catalysts is emitted XRP Micro Futures About Robin. These contracts provide traders with greater flexibility to take into account the future price direction of cryptocurrencies or hedge their current positions, given their smaller size.
The regulatory fog also thins. Friday, corrugated Withdrawn cross coloring In its long-running SEC (SEC) litigation. The SEC sued Ripple in 2020 for its XRP sales, alleging that these violated the securities laws. The SEC is expected to waive its appeal and leave a ruling last year, ordering Ripple to pay a $125 million civil fine to the SEC, which is complete. The move could lift the lid, leaving some investors off the market.
The data on the chain fills in the bullish settings. Crypto analyst Ali Martinez said XRP Ledger has recorded 1.1 million active addresses in the past week. Quote Glass Section Data.
The rise of XRP has made it perform better than the broader cryptocurrency market, the broader Coindesk 20 (CD20) The index has risen 1.7% in the past 24 hours.
