Global #XRP

The price of Ripple (XRP) may face a delay before experiencing a breakout and a significant increase. This is due to investors' hesitation to hold onto their investments for potential gains, opting instead to sell.

Santiment, a market intelligence platform that provides on-chain and social metrics, has identified a growing bullish sentiment among most major cryptocurrencies. Bitcoin and Ethereum are showing signs of approaching their all-time highs (ATH), and large-volume investors, known as whales, are exhibiting market behaviors that align with this positive outlook.

Cryptocurrency analyst and trader Edrag Crypto has delivered an optimistic outlook for XRP, suggesting that the digital asset may be on the brink of a substantial bullish run amid favorable market conditions.

XRP, the native token of the XRP Ledger, might experience a surge from its current price level around $0.53 following significant developments in the cryptocurrency space.

Ripple CEO Brad Garlinghouse is facing substantial criticism for his remarks about Tether, stating, “The U.S. government is going after Tether, that is clear to me.”

Some top analysts on Wall Street are suggesting that the US Federal Reserve's potential shift in stance on inflation could serve as a catalyst for a significant surge in the cryptocurrency market, potentially amounting to trillions of dollars. This forecast is driven by the anticipation of about $6 trillion in sidelined capital returning to the market as the Fed eases its hawkish stance.

Renowned cryptocurrency analyst JackTheRippler recently echoed the positive sentiments expressed by Ripple CEO Brad Garlinghouse regarding the future of the company's native token, XRP.

A well-known cryptocurrency analyst has recently outlined an optimistic scenario for XRP, the native token of the XRP Ledger, suggesting a substantial price increase may be on the horizon.

Binance's decision to discontinue support for XRP and TUSD could potentially impact the sentiment surrounding the coin, sparking various speculations about the underlying reasons.

On Monday, Paradigm, a crypto over-the-counter liquidity network, announced the launch of a block trading facility on the leading derivatives exchange Deribit for options linked to major alternative cryptocurrencies MATIC, SOL, and XRP.

The prolonged legal battle between Ripple and the Securities and Exchange Commission (SEC) is nearing its conclusion as both parties have submitted their briefs.

Currently, the cryptocurrency market is predominantly marked by a trend of trading in negative territory, especially after the Bitcoin (BTC) halving. Bitcoin, in particular, faces uncertainty as it grapples to sustain its value above the $60,000 mark.