XRP Price 3% Breakout Sparks Hope For $1
XRP Price Eyes Bullish Breakout As SEC-Ripple Hype Fades Many investors anticipated a massive breakout following the partial ruling in the Ripple vs. SEC lawsuit, which determined that XRP is not a security when sold on third-party exchanges like Coinbase and Binance. advertisement Although the initial breakout propelled XRP price to $0.93, profit-booking and a dilapidated crypto market environment saw gains to trimmed to $0.60. Data by Coinglass on the XRP derivatives market reveals a drop in open interest to $786.81 million from slightly above $1 billion around mid-July. XRP Open Interest | Coinglass Based on on-chain data from the XRP SCAN, daily network transactions have continued to move sideways around $1 million for at least 12 months, implying that the cross-border payments token has not improved fundamentally. Recommended Articles Crypto P...