CoinVoice has recently learned that, according to Coindesk, Nansen's chief research analyst Aurelie Barthere stated that cryptocurrency investors are looking for new developments to 'drive the bull market.' This will include the latest news on U.S. inflation and a cooling labor market, as well as the direction of future policies from the Trump administration. However, she expects the market to continue to be volatile until there is further clarity.
We expect the U.S. labor market to continue to weaken, which should limit U.S. interest rates and help cryptocurrencies (including the price of XRP, which is moving in the same trend) to rise. 'The fact that Ripple's CEO met with him before Trump's inauguration is certainly a bullish signal,' Barthere said.
Zahreddine Touag, head of trading at Woorton in Paris, stated: 'This week, we noticed that consumers tend to purchase XRP from our franchisees, primarily from retail brokers and crypto-native funds, which may be due to the recent positive news from the Ripple Foundation regarding the potential listing of an XRP ETF and the launch of the RLUSD stablecoin.' [Original link]
