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