Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.The crypto market opened the week with a bearish turn, with the combined crypto market cap dropping as low as $1.18 trillion following a 1.
The growth in trading volume is indicative of many things, including the fact that interest in XRP as a multipurpose utility asset remains intact. While the price of the asset is not reflecting this bullish sentiment because of the broader market trend, reversing its growth trend from this point onward will come easier should the buying tempo be sustained.As a legacy digital currency, XRP has the right underlying technology to drive a positive disposition for the growth of the digital currency.
One key projection by market experts that can drive the growth of XRP is the conclusion of the Ripple v. SEC legal tussle. Should the much anticipated summary judgment be in favor of Ripple Labs and XRP, there is a high likelihood that the cryptocurrency might fuel a parabolic solo run, as it willThe new smart contract innovations being championed by XRP Ledger is also a positive trigger that may fuel the growth in the mid- to long term.