XRP Rises 5.5% to $2.19 Driven by Key Catalysts
XRP increased by 5.5% to $2.19 in the past 24 hours, driven by several factors:
- Launch of XRP micro futures on Robinhood, allowing traders more flexibility.
- Ripple withdrew its cross-appeal in its SEC lawsuit, potentially resolving regulatory uncertainties. The SEC may drop its appeal, retaining Ripple's $125 million penalty.
- The XRP Ledger recorded over 1.1 million active addresses last week, indicating strong on-chain activity according to analyst Ali Martinez.
This growth allowed XRP to outperform the broader crypto market, with the CoinDesk 20 index rising 1.7%.