XRP rose 5.5% to $ 2.19 in the last 24 hours after a trio of catalysts converged to help the cryptocurrency exceed the wider cryptocurrency market.
One of the catalysts was the launch of XRP Micro Futures in Robinhood. Contracts offer operators more flexibility to bet on the future price of the cryptocurrency or current coverage positions given their smaller size.
FOG regulatory also lost. On Friday, Ripple withdrew his cross appeal in his long Commission of Values and Values of the USA. (SECOND) lawsuit. The SEC sued Ripple in 2020 for its XRP sales, claiming that they violated the securities laws. The SEC is expected to eliminate its own appeal, leaving the ruling last year, ordering Ripple to pay a civil fine of $ 125 million to the SEC, intact. The movement could raise a lid that had kept some investors out.
The data in the chain completed the upward configuration. The Book Mayor XRP registered more than 1.1 million active addresses during the past week according to Crypt Ali Martínez analyst, who cited Glassnode data.
The increase in XRP saw a greater performance to the broader cryptographic market, with the largest Coendesk 20 (CD20) index increasing 1.7% in the last 24 hours.
