Aurelie Barthere, chief research analyst at Nansen, said cryptocurrency investors are looking for new developments to "fuel the bull run." That would include news that U.S. inflation and the labor market are cooling, or the direction of future policy from the Trump administration. However, until there is further clarity, she expects the market to remain volatile.
"We expect continued weakness in the U.S. labor market, which should keep a lid on U.S. interest rates and help cryptocurrencies, including XRP prices, which are participating in the same trend, rise. "Ripple CEO meeting with Trump before his inauguration is definitely a bullish signal," Barthere said.
"This week, we saw a preference among consumers to buy XRP from our franchisees, mainly from retail brokers and crypto-native funds, likely 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," said Zahreddine Touag, head of trading at Woorton in Paris. (CoinDesk)