XRP price is in an enviably bullish position after Thursday's stomach-churning price action across the crypto complex.
Despite a tick higher in core CPI inflation the market in risk assets initially fell sharply and then rallied.
This defiance in the face of sticky inflation is highly significant, as it could mean that the head-fake bear rallies of recent times could have created the conditions for a definite breakout.
Ripple’s XRP cross-border liquidity token could be said to be the best positioned crypto to benefit from renewed bottom-dipping buying interest.
Although the price has run into resistance around the $0.50 level, market participants are increasingly optimistic that the signs coming out of the long-running court case point to the likelihood of a positive outcome.
And even if Ripple doesn't win the case but ends up with a messy tie, a settlement that clears a way through the regulatory uncertainty holding back a re-rating of XRP would still be bullish.
XRP addresses...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...