Ripple (XRP) Price Prediction July 2024 – Ripple Vs. Sec Case This Week Could Change Everything

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Over the last 24 hours, the price of XRP has increased by 3.5%, indicating a strong recovery in the larger cryptocurrency market.

This increase in value corresponds with a recovery that started on July 8 and was driven by institutional investments after a decline that was sparked by problems with Mt. Gox.

Institutional Investments Fuel Crypto Resurgence

A platform that manages digital assets, CoinShares, reports that the recovery is in line with large inflows into cryptocurrency funds, totaling $441 million, during a week that saw an 11.28% decline in the value of bitcoin.

Specifically, during the week ending on July 5, investment funds that prioritize XRP attracted $400,000 in capital. Since this story was published on July 8, the trading pair XRP/USD has increased by about 10%.

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