Could XRP be poised to reach new heights following its recent legal victory against the U.S. Securities and Exchange Commission (SEC)?
Could XRP be poised to reach new heights following its recent legal victory against the U.S. Securities and Exchange Commission ?is currently seeing a notable rebound in its price following the recent victory against the United States Securities and Exchange Commission .This surge is not only reflected in its price, but also in its market cap, which has added roughly over $1 billion in the past seven days.
From a fundamental perspective, XRP’s Network Value to Transactions ratio, which compares the network value to the transaction volume, was This decline in Open Interest, accompanied by a 61% drop in open interest volume to $5.19 billion, suggested a decrease in market leverage and could impact price stability.Looking at long-term prospects, a prominent analyst known as Doctor Profit on social media has drawn parallels between the current market patterns and those of 2017, prior to XRP’s meteoric rise.
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