XRP Eyes New All-Time Highs as US Crypto Week Gains Steam X
koinmilyoner
Updated at: 9 hours ago
{"content":"XRP Eyes New All-Time Highs as US Crypto Week Gains Steam
XRP is approaching $3.00 as futures market interest rises.
US House Representative French Hill thinks crypto measures, including stablecoins' GENIUS Act, have enough support.
The rise in New Addresses indicates XRP acceptance and demand.
Ripple (XRP) rises over 1% to $2.95 in the American session on Wednesday. XRP found support at $2.80 after falling from Monday highs above $3.00. After the upswing resumed, attention is going to the January record high of $3.40.
President Trump said 11 of 12 House Representatives he spoke with supported the GENIUS Act bill, which allows stablecoin rules.
House legislators will address the CLARITY measure and the Anti-Central Bank Digital Currency (CBDC) Surveillance State Act during 'Crypto Week.'
These legislation might put the US at the forefront of bitcoin innovation by creating a clear framework that protects investor interests and promotes adoption.
However, the options market volume fell 45% to $13 billion in the last 24 hours due to the uncertainty that followed the climb over $3.00 on Monday and the rapid dip to $2.80. little volumes signal little market activity, which might slow XRP's rise.
After a sharp decline to 2,752 on April 19, XRP is seeing increased acceptance, as seen by the number of new addresses. Monday's Glassnode New Addresses statistic averaged 8,690 new XRP Ledger addresses. If this pattern continues, XRP acceptance and demand will rise, pushing the price to historic highs.
XRP is well above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) at $2.37, $2.30, and $2.16. Each of these averages supports the bullish view and might support a trend reversal.
A break and closing over $3.00 would confirm the bullish view and increase the odds of a break to $3.40 record highs.
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