Foreign media: XRP has grown by nearly 40 per cent over the past week, and the market has attributed this round to improved macro-liquidity and new institutional progress. According to the report, the XRP is now reported at $ 1.31, rising 13.7 per cent within 24 hours.
Macro mobility-led rebound
According to the article, the move of the United States Treasury Department to repurchase the country ' s debt had depressed yields and eased financial conditions. In its view, this round of encryption increases more as a result of changes in liquidity in the debt market than as a single encryption advantage.
XRP wins other mainstream currencies in part because it already has live ETF products and Ripple's maturity in the industry. The article also mentioned that a previous XRP Ledger project for institutional lending was under way.
Institutional lending scheme advanced
The scheme is provided by Clearpool, Cicada Partners, which is responsible for credit underwriting, and Ripple, which is involved as a provider of funds. It is not written as a defined return on land, but rather as a new advance to sustain market sentiment.
Key price still pending.
The article listed several levels of concern: $0.90 was recovered and 34 per cent of the rebound was considered to have formed the stage bottom. More crucial is $1.50, which, if sustained and steady, is a clearer trend sign.
- Shortline: $1.31, 24 hours up 13.7%
- Midline: 0.90 dollars recovered
- Longer: 1.50 US$ is the more critical confirmation position
The article also mentions that US$ 10, US$ 20 and US$ 30 are based on the long-term evolution of the wave theory, which is clearly speculative in nature and is not a fundamental valuation conclusion.