XRP has been under significant pressure in the cryptocurrency industry, facing a lawsuit from the US Securities and Exchange Commission (SEC). This case caused XRP to lose value. The lawsuit, which started with the claim that Ripple's XRP sales are illegal securities sales, could impose a $2 billion penalty on the company.
Market Evaluations and Expectations
XRP failed to reach its highest level since 2018 and underperformed the market overall. However, there is an expectation of positive developments regarding the case in the near future. In particular, Evai CEO Matthew Dixon predicts that major economic reports may end in favor of XRP.
Effects of Economic Indicators
Economic indicators such as the April consumer price index and the Federal Reserve's interest rate policies may have direct effects on XRP. While a higher than expected CPI increase could positively impact XRP, lower numbers could also benefit the cryptocurrency market.
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So who will benefit?
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I EXPLAIN IN DETAIL.
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