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Fundamental investors tracking XRP have more reason to cheer as a planned set of features aims to make the XRP Ledger, the network underpinning that token, even more appealing for institutional usage. XRP prices are up 2.2% in the past 24 hours …
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A “descending triangle” pattern in technical analysis points to bigger gains for the top-performing major token.
“We think, especially with the administration change, the approvals of those filings will accelerate,” Ripple president Monica Long said.
“History shows these dips often pave the way for bigger bullish movements, especially with where we are in the market cycle now,” one market watcher said, as some foresee a shaky period in January.
This shift in focus towards the US market is part of Ripple’s response to the “Trump effect,” which is believed to be making crypto more favorable in the US.
In founding editor Bradley Keoun’s last issue of The Protocol, CoinDesk’s weekly newsletter devoted to blockchain technology, we’re covering Trump’s DOGE whistle and the slew of announcements from the big Ethereum conference Devcon in Bangkok.
Cardano’s ADA, Polygon’s POL advanced 15% as the broad-market CoinDesk 20 Index outperformed BTC.
The latest price moves in crypto markets in context for Nov. 6, 2024.
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