While fluctuating in the crypto currency market XRP Positive signals continue to come. Record increase in the number of wallet addresses and specific formations seen in technical analysis Ripple $2.41Increased its rise potential in Altcoin. Besides, with Ripple US Securities and Stock Exchange Commission The potential of termination of the case between (SEC) and the possibility of approved and released a Spot XRP ETF in the USA are among the important factors that can strongly move the price.
Number of wallet addresses broke record
XRP price The first of the prominent rise signals and most importantly, the number of wallet addresses according to the in -chain data was to reach the highest level of all time. Analyst Ali MartinezAccording to the data he shared by compile the Glassnode platform, the total number of XRP wallet addresses increased to 6.87 million. This shows that the usage rate of the network has increased and more investors are interested in XRP.
Martinez, XRP since 2018 symmetrical triangle formationHe stated that he was making upward breaks from his and claimed that this rise could continue. Analyst predicted that XRP could go up to $ 15 before, and thinks that this technical formation could sign the beginning of the bull market for Altcoin.
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On the other hand, among the market commentators, there are those who make more brave estimates for XRP. ECRAG CRYPTO Analyst, XRP’nin 27 to 222 dollars can reach a price level. However, in order to reach such a level, the market value of the XRP needs to be above $ 1.5 trillion, which seems to be very difficult in the current table.
Important developments for XRP are on the road
There are two critical developments that can significantly affect the price of XRP. The first of these Secure with Ripple The end of the case between the four years. US lawyer Fred RispoliIn the opinion that the process can be completed until April 16th. Recently, the SEC’s withdrawal of cases filed to many crypto money companies and management changes strengthen the possibility of an agreement with Ripple.
The second major factor is at least one in the USA Spot XRP ETFThe possibility of approval of. Grayscale, 21shares and Bitwise have submitted major financial companies such as Stock Exchange Investment Funds (ETF) for XRP to the SEC. The regulatory institution has evaluated some applications and according to analysts, the probability of approval for an ETF by the end of the year is seen as 76 percent.
The price of the XRP and the investor interest seems to find direction depending on how these developments are shaped. For this reason, investors especially the course of ETF applications and Prostrationshould closely follow the outcome of the result.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
