Prices in Dogecoin and XRP jump again, after witnessing massive reductions earlier this week together with the wider crypto market. This price increase occurred due to several factors, including the regulatory clarity that XRP could soon achieve with Rippel Sec -resident on the horizon.
Why Dogecoin and XRP prices jump again
Coinmarketcap -data Shows that prices of Dogecoin and XRP increase over 35 and 6%respectively over the past 24 hours. Both coins have registered these price gains due to several basic factors that provide a hooked view for them. One is the latest report from journalist Eleanor Terrett that Rippel Sec case could unpack soon.
An end to the Ripple atmosphere is especially Hausse for the XRP Prize, given that it has been at the center of this long-standing legal battle that began in 2020. A positive closure of the case would end doubt about XRP’s non-safety status and increase investors’ confidence, which is why the coin has witnessed these profits.
An end to the rippel SEC case is also hausse for Dogecoin Price And other crypto assets because it could lie to rest the argument that this asset class can be regarded as securities. Another reason why Dogecoin and XRP prices jump again is the potential 30-day weapon and the ultimate end of the war between Russia and Ukraine.
In a truth social post, US President Donald Trump Revealed that the United States had very good and productive discussions with Russian President Vladimir Putin and that there is a “very good” chance that the bloody war can finally end. An end to the Russia-Ukraine War would help stabilize the markets, and Dogecoin and XRP prices are already responding to this haus-shaped basic.
Macroeconomic factors that begin to adapt
Macroeconomic factors begin to adapt to the benefit of the cryptic market, which is another reason for Dogecoin and XRP prices is up again. Inflation data released this week indicated that inflation in the United States can decrease, which is haus -like for these crypto assets.
The CPI inflation data showed that inflation increased to 2.8% in February, during the expected 3.0%. At the same time, PPI data showed that inflation increased by 0%, well below the expected 0.3%. With these figures, there is some confidence in the market that inflation can really decrease, which can cause the US federal reserve to lower prices.
Interest rate cuts are Hausse for the crypto market as investors would be sure to distribute enough capital to these risk assets. As such, Dogecoin and XRP prices are already priceing in this development with their latest increase. From a macro point of view, these coins can register additional gains next week if the Fed adopts a doish posture at its FOMC meeting and hints to imminent monetary relief policy.
Image from Pixabay, diagram from tradingview
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