Aurelie Barthere, chief research analyst at Nansen, stated that cryptocurrency investors are looking for new developments to 'drive the bull market.' This will include news of U.S. inflation and the cooling labor market, or the direction of future policies from the Trump administration. However, she expects the market to continue to fluctuate until there is further clarity.
We expect the U.S. labor market to continue to soften, which should limit U.S. interest rates and help cryptocurrency (including the price of XRP, which is participating in the same trend) to rise. 'The fact that Ripple's CEO met with him before Trump's inauguration is definitely a bullish signal,' Barthere said.
Zahreddine Touag, head of trading at Woorton in the Paris market, said, 'This week, we saw consumers tending to purchase XRP from our franchisees, primarily from retail brokers and crypto-native funds, which may be due to the recent good news from the Ripple Foundation regarding the potential listing of an XRP ETF and the launch of the RLUSD stablecoin.' (CoinDesk)