$XRP and XMR See Spike in Social Volume Amid Regulatory Scrutiny
Social volumes surrounding Monero (XMR) and XRP have surged, driven by recent developments. LocalMonero's closure due to increased government scrutiny and Ripple's ongoing legal battles with the SEC have sparked discussions.
Monero faces regulatory challenges, yet sentiment remains positive. XMR's price sits at $131.85, reflecting a 1.96% increase in 24 hours and a 6.85% gain over a week.
XRP grapples with regulatory uncertainty despite being deemed non-securities. Ripple's legal disputes with the SEC and classification of its #stablecoin project raise concerns. XRP saw a 2.34% increase in seven days.
Technical analysis suggests a potential short-term bullish trend for Monero, with the RSI indicating a balanced market. For XRP, resistance is indicated by the 9-day EMA, with the RSI pointing to a consolidation phase.
Ripple seeks partnerships to expand its reach, focusing on XRPL-powered enterprise solutions in supply chain finance, particularly in Japan.
Remember, investing in cryptocurrencies is highly speculative and involves a significant risk of loss. You should never invest more than you can afford to lose also do your own research.
Source - thecryptobasic.com
