“Xrp’s Price OutperForMed The Wider Crypto Market Over the Launch of Micro Futures on Robinhood, Greater Regulatory Clarity with The Withdrawal of Cross-Apeals, and More.”, – WRITE: www.coindesk.com
One of the Catalysts Was Launch of XRP Micro Futures on Robinhood. The Contracts Offer Traders More Flexibility to Bet on the Cryptocurrency’s Future Price Direction or Hedge Current Positions Given their Smaller Size.
Regulatory Fog Also Thinned. On Friday, Ripple withdrew ITS Cross-Appeal In Its Long-Running US Securities and Exchange Commission (Sec) Lawsuit. The Sec Sueed Ripple Back in 2020 Over ITS XRP Sales, ALLEGING THESE VIOLATED Securities Laws. The Sec is Expert to Drop It Own Appeal, Leaving Last Year’s Ruling, Ordering Ripple to Pay A $ 125 Million Civil Penalty to the Sec, Intact. The Move Could Lift A Lid That Had Kept Some Investors on the Sidelines.
On -chain Data Rounded Out the Bullish Setup. The XRP Ledger Logged Over A 1.1 Million Active Addresses Over The Past Week Account to Crypto Analyst Ali Martinez, Who Cited Glassnode Data.
Xrp’s Rise Saw It Outperform The Wider Crypto Market, with The Broader Coindesk 20 (CD20) Index Rising 1.7% in the Last 24 Hours.
