On January 7, Ripple’s Reece Merrick confirmed XRP’s status as a non-security digital asset in the U.S. due to last year’s court rulings, though broader crypto regulations remain unclear. XRP has formed a golden cross on the monthly chart against Bitcoin, with its 23-month moving average surpassing the 50-month line, indicating potential price increases. XRP’s recent surge follows the resolution of regulatory issues from Ripple’s SEC case, making it more attractive than Bitcoin and Ether, with continued investor interest in XRP funds. XRP’s regulatory status change offers a more favorable stance within the U.S. crypto landscape.
Key facts indicate XRP has moved closer to a more favorable regulatory stance, potentially supporting upside for investors. This technical development comes as XRP’s regulatory status changes gain momentum following Ripple’s SEC case resolution, making XRP more attractive than Bitcoin and Ether for some investors. The combination of a non-security designation and supportive technical signals continues to attract investor interest in XRP funds amid ongoing regulatory debates.
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