XRP rose 5.5% to $ 2.19 in the last 24 hours after a trio of catalysts converted to help the cryptocurrency outperform the broader cryptocurrency market.
One of the catalysts is the launch of XRP micro futures In Robinhood. The contracts of entrepreneurs offer more flexibility to bet on the price direction of future cryptocurrency or hedge current positions provided by their smaller size.
The fog regulation is also thin. On Friday, Ripple its cross-appeal has been deleted In this long -time US Securities and Exchange Commission (Sec) Demanda. The SEC accused Ripple in 2020 on XRP sales, allegedly violating security laws. The SEC is expected to lower its own appeal, leaving the decision last year, which orders Ripple to pay a $ 125 million civil penalty to the SEC, whole. The move can lift a cover that keeps some investors on the sides.
On-chain data rotates with bullish setup. The XRP Ledger is linked to a 1.1 million active address in the past week according to crypto analyst Ali Martinez, who Mentioned glassnode data.
Raising the XRP has seen it beyond the wider crypto market, along with the wider CoinDesk 20 (CD20) An increase of index of 1.7% in the last 24 hours.
