CandleFocus XRP Decouples From Bitcoin, Hits 6-Year High
2024-11-29
Author: Content Editor
XRP, the digital asset associated with Ripple Labs, has shown significant price growth and decoupled from Bitcoin. Its price increased by over 10% in the last 24 hours, reaching $1.62, the highest since 2018. This demonstrates XRP's resilience despite market reversals and ongoing legal challenges with the SEC. The increase in trading volume suggests investors' interest in accumulating the coin. Other cryptocurrencies showed mixed sentiment, with some prices decreasing and others rising. The optimism around XRP stems from potential regulatory reforms and the possibility of XRP ETF approvals, which could drive institutional interest and result in further price increases.
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