XRP has reclaimed its 21-week exponential moving average (EMA), a significant technical level that has historically preceded major price increases. This development suggests potential renewed momentum for XRP, according to analysts.
In a related move, prime broker Hidden Road is set to migrate its post-trade clearing operations to the XRP Ledger (XRPL). This transition is expected to enhance XRP's utility in institutional markets, leveraging the XRPL's speed and low transaction fees to streamline clearing and settlement processes for institutional investors.
XRP Reclaims Key Technical Level Amid Hidden Road's XRPL Migration
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.