tl;dr
XRP has surged over 10% in the last 24 hours, reaching $0.6 and experiencing a 47% increase in trading volume, standing at $3.26 billion. The altcoin has outperformed nearly every digital asset in the top 30 over the past week. XRP's recent success is attributed to potential positive outcomes in the...
XRP has surged over 10% in the last 24 hours, reaching $0.6 and experiencing a 47% increase in trading volume, standing at $3.26 billion. The altcoin has outperformed nearly every digital asset in the top 30 over the past week. XRP's recent success is attributed to potential positive outcomes in the SEC lawsuit filed against Ripple in 2020. There is also speculation about the launch of an XRP exchange-traded fund (ETF) in 2025 and Ripple's expansion into the stablecoin sector with the introduction of a US dollar-backed stablecoin (RLUSD). Additionally, Ripple is advocating for pro-crypto politicians in the United States, with CEO Brad Garlinghouse expressing support for a presidential candidate's VP pick.
XRP, the native cryptocurrency of the XRP Ledger, has performed extraordinarily well in the past few days as bulls have taken control of the digital asset’s price trajectory. Notably, the 24-hour trading volume of the altcoin surpassed that of Solana (SOL), with the crypto community expecting a bullish move in the near future. According to data from CoinMarketCap, the trading volume of XRP stands at $3.26 billion, up 47.27% in the last 24 hours. In contrast, Solana (SOL) trading volume is $2.97 billion, up 17.14% in the same period. SOL is the fifth-largest digital asset with a market cap of $75.3 billion, while XRP is the seventh-largest cryptocurrency with a market cap of $33.79 billion. At the time of writing, XRP has reclaimed the $0.6 price level and is up by more than 10% in the last 24 hours. In the last seven days, the altcoin has outperformed almost every cryptocurrency in the top 30, rising by more than 37%. Meanwhile, the SOL token rose around 12% in the past week.
The sudden surge in the popularity of the XRP token may be attributed to the potential victory that Ripple might secure in the lawsuit filed by SEC in 2020. The long-drawn lawsuit is expected to conclude on July 31st, claims Fred Rispoli, a legal expert in the crypto space. Rispoli believes that Ripple will have to pay less than $25 million in penalties, with no disgorgement, despite the SEC’s attempts to claw $2 billion from the American fintech firm.
Additionally, there is also talk of an XRP exchange-traded fund (ETF), and Ripple chief executive Brad Garlinghouse has expressed confidence in the potential launch of XRP ETFs in 2025. Further, the firm is also expanding its business in the stablecoin sector with the debut of a US dollar-backed stablecoin (RLUSD). Finally, Ripple is also pushing for pro-crypto politicians in the United States and as per a previous report, Garlinghouse voiced support for presidential candidate Donald Trump’s VP pick, JD Vance.
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GameStop Corp Technical Analysis Summary
Company: GameStop Corp
Headquarters: Grapevine, Texas
Sector: Trade & Services
Industry: Retail-Computer & Computer Software Stores
Market Cap: 11,819,322,000
Stock Price: 346.63
Dividend Yield: None
P/E Ratio: 0.08
EPS: 16.1
Volatility: 0.0051
Volume: 4,917,500,000
Beta: 8.38
RSI: 0.259
Price Change: -0.287
More about Emeren Group Ltd
Emeren Group Ltd, ReneSola Ltd, develops, builds, operates and sells solar energy projects. The company is headquartered in Stamford, Connecticut.
Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES
Market Cap: 100.815B
Dividend Yield: None
Beta (5Y Monthly): None
Price Change (52 Weeks): -0.16
Price Change (Year To Date): 1.918
Relative Strength Index (14): -0.127
Volume: 106.582M
EPS: 4.38
PE Ratio: 3.42
Forward Dividend & Yield: 0.148