XRP Price Experiences Its Largest Single-Day Gain in Over 3 Months

Adekunle Joshua

XRP saw a remarkable 6.5% single-day gain, its largest in 3 months, as the U.S. SEC dropped securities-violations charges against Ripple executives

SEC dropped all charges against Brad Garlinghouse and Chris Larsen, Ripple's leaders

Spot market fueled the XRP rally, indicating increased net inflows. Spot-driven rallies tend to be more sustainable than leveraged ones

While XRP surged, the stablecoin and coin-margined futures markets saw stagnant CVD

A rising CVD suggests more buyers, a negative slope indicates more sellers

This recent XRP surge offers both relief and anticipation for investors, hinting at potential cryptocurrency market volatility.