If you have been keenly following up on XRP and the Ripple-SEC legal battle, then you will be pleased with the latest developments. More importantly, XRP investors might receive another confidence following the latest judicial ruling. According to recent reports, the judge presiding over the case has allowed multiple third parties to join the lawsuit. […]
Boosted investors’ confidence might also strengthen XRP bulls in the next few days courtesy of the favorable judicial ruling.
The metrics side of things already demonstrated some changes. For example, XRP’s weighted sentiment shot up in the last three days. And, at press time, it was at the highest level in the last four weeks.A sentiment change is only as good as the strength of the accompanying volumes that it can command. We observed a drop in active addresses in the last three days but the last 24 hours delivered a slight uptick in the same metric.
Active addresses increased by roughly 5,000 address in the last 24 hours. This was enough to cancel out most of the existing sell pressure but not enough for a major bullish uptick.for transactions worth over $1 million was not out of the ordinary in the last 24 hours.The sentiment shift courtesy of Ripple’s recent judicial ruling can potentially trigger another accumulation wave.On the flip side, XRP might extend its downside if market factors continue to hammer down on the crypto market.
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