XRP has shown a significant rise in price of around 80% over the past month. Although the current price of XRP is about 10% below its all-time high reached in 2018, renowned analyst Ali Martinez has an optimistic outlook on its further dynamics.
Global financial institutions are increasingly shifting from the outdated SWIFT system in favor of modern payment technologies, seeking faster and cheaper cross-border transactions. Leading this transformation is XRP Ledger (XRPL).
According to data from the Glassnode analytics platform, 99.6% of circulating XRP coins are currently sitting in profit, meaning the vast majority of holders are unwilling to sell at a loss. This exceptionally high profitability rate follows the cryptocurrency's sharp price surge.
According to CoinGecko, the global cryptocurrency market capitalization surged past $4 trillion on Friday, marking a significant milestone in the asset class's evolution from niche to mainstream in the financial ecosystem.
The United States House of Representatives formally passed the landmark Digital Asset Market Structure Clarity Act (CLARITY), designed to address long-standing confusion over the classification of cryptocurrencies in the US financial system.
The JPY publication is expected
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