The price of the third largest encrypted currency, XRP, shows some positive measures today, as it increased by approximately 4 % over the course of the trading session. Given that this comes amid Bitcoin’s rejection of the moving average for 200 days and the price of the main encrypted currency of up to 2.5 %, the strength in XRP and increased purchase activity is clear.
This feeling was expressed, at least, by a better -known online merchant as “Donalt”.
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In a conversation X postThe expert trader explained that the relative strength of XRP today is great. However, it is a “strange spot” for Donalt, as the assembly contradicts the behavior of the wider market.
In particular, it is believed that this may be due to a kind of purchase from the inside.
Well, this is a bold statement, at the very least. The fact that XRP is trading unlike the public market is not a surprise, as there are many unique novels of the distinctive symbol, such as Saga XRP ETF and Ripple VS. SEC.
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Either the price height is related to the fact that CBOE, along with Mastodon Mali with a value of $ 1.5 trillion, was offered to obtain ETF XRP, or long -term legal battle between Ripple and SEC is approaching the final judgment.
In fact, the price of XRP rises, and with a wide margin, even the 3 % step of assets is $ 134 billion is a profit of about 4 billion dollars in only 24 hours.
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It is safe to assume that the market is pricing in the upcoming big news about XRP at the distinctive symbol, but exactly what the news is an open question.
