ChainCatcher news, 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 news about 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 be volatile until there is further clarity.

'We expect the U.S. labor market to continue softening, which should limit U.S. interest rates and help cryptocurrencies (including the price of XRP which is following the same trend) to rise. 'Meeting with Trump before his inauguration is definitely a bullish signal,' Barthere said.

Zahreddine Touag, head of trading at Woorton in the Paris market, said: 'This week, we are seeing consumers inclined to buy XRP from our franchisees, mainly from retail brokers and crypto-native funds, which may be due to the recent good news from the Ripple Foundation about the potential listing of an XRP ETF and the launch of the RLUSD stablecoin.'