XRP "Must-hold for Next Bullrun," Says Bitcoin Maximalist
XRP, along with the larger crypto market, is surging today, thanks to renewed positive sentiment around Bitcoin (BTC). BlackRock’s Spot Bitcoin ETF application has sparked a rally permeating the entire market. XRP, the 6th largest crypto project, has rallied by 2.9% in the last 24 hours. On the weekly charts, the token has surged by 8.5%. Transactions on XRPL have remained steady throughout the year, apart from two spikes in March and April. Meanwhile, the number of new accounts created surged in early June but has since gone down. Source: Coingecko Although the current market rally is led by BTC, there have been some positive developments in the XRP corner as well. Firstly, Ripple, the firm that mainly utilizes the token’s ledger, has received a Major Payment Institution license in Singapore. Secondly, the SEC vs. Ripple lawsuit has had many positive developments. The Hinman documents, which are a central piece of evidence for Ripple’s cause, were recently released. These developments...