The $XRP regulation continues to have the potential to be a major driver for a price increase for XRP. The SEC has proposed a new framework for cryptocurrency regulation, which may provide a clearer regulatory pathway for tokens like XRP. However, the regulatory environment is still evolving.
Attention is also being paid to movements on-chain. Last week, when XRP was trading around $1, 50 million XRP was transferred internally from a Ripple-related wallet. However, this was an internal transfer between wallets and does not necessarily mean a sale.
Attention is also being paid to movements on-chain. Last week, when XRP was trading around $1, 50 million XRP was transferred internally from a Ripple-related wallet. However, this was an internal transfer between wallets and does not necessarily mean a sale.