Ripple's XRP jumps over 20% amid crypto rally and positive US regulatory signals
Ripple's XRP surged more than 20% to around $1.16, driven by a broad crypto market rally and encouraging regulatory developments in the US. Large holders bought over 300 million XRP tokens within four days, tightening supply and pushing prices above key resistance levels. The rally was supported by over $1.5 billion in liquidated short positions and positive inflows into XRP-based ETFs from firms like Bitwise and Franklin Templeton. The upcoming Senate review of the CLARITY Act, which aims to clarify crypto regulations, along with new SEC proposals, adds optimism for XRP's continued bullish momentum.
#XRPRealityCheck $XRP
Ripple's XRP surged more than 20% to around $1.16, driven by a broad crypto market rally and encouraging regulatory developments in the US. Large holders bought over 300 million XRP tokens within four days, tightening supply and pushing prices above key resistance levels. The rally was supported by over $1.5 billion in liquidated short positions and positive inflows into XRP-based ETFs from firms like Bitwise and Franklin Templeton. The upcoming Senate review of the CLARITY Act, which aims to clarify crypto regulations, along with new SEC proposals, adds optimism for XRP's continued bullish momentum.
#XRPRealityCheck $XRP