XRP price may be down, but it holds promise for defined growth
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.The crypto market opened the week with a bearish turn, with the combined crypto market cap dropping as low as $1.18 trillion following a 1.
The growth in trading volume is indicative of many things, including the fact that interest in XRP as a multipurpose utility asset remains intact. While the price of the asset is not reflecting this bullish sentiment because of the broader market trend, reversing its growth trend from this point onward will come easier should the buying tempo be sustained.As a legacy digital currency, XRP has the right underlying technology to drive a positive disposition for the growth of the digital currency.
One key projection by market experts that can drive the growth of XRP is the conclusion of the Ripple v. SEC legal tussle. Should the much anticipated summary judgment be in favor of Ripple Labs and XRP, there is a high likelihood that the cryptocurrency might fuel a parabolic solo run, as it willThe new smart contract innovations being championed by XRP Ledger is also a positive trigger that may fuel the growth in the mid- to long term.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Ripple-SEC Lawsuit Attracted Millions of Users to XRP: CryptoLaw FounderRipple advocate Deaton believes that large part of investors were attracted to XRP due to SEC-initiated lawsuit
Weiterlesen »
XRP as Security Debate: Attorney John Deaton Sheds New LightIn a crypto debate, JohnEdeaton has given different insight why XRP is not a security
Weiterlesen »
Hunga-Tonga Hunga-Ha'apai volcanic eruption produced record-breaking lightningResearchers found over 200,000 flashes of lightning during the Hunga volcano eruption in 2022, with as many as 2,600 flashes a minute at its peak.
Weiterlesen »
BTC, ETH and XRP Price Analysis for June 24Which altcoins can keep rising together with BTC? XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
Weiterlesen »
XRP-Friendly Lawyer Skeptical of Ripple's Alleged 10B BuybackProminent $XRP lawyer was among those who expressed their doubts about the fake report
Weiterlesen »