The cryptocurrency market has opened the new weekly candle bullish as Bitcoin and the other major coins are in green. XRP, Ripple’s native coin, is up 5% in the last 24 hours and now trades at $1.48 per coin. The rally comes as the broader cryptocurrency market shrugs off the effects of the ongoing US-Iran tensions. XRP’s momentum indicators switched bullish a few days ago, indicating that the price could soar higher in the near term. Furthermore, the derivatives data also indicate that retail investors are regaining confidence in XRP, while institutional demand remains flat. Retail demand for XRP increases XRP is up 5% in the last 24 hours and is now trading at $1.48 per coin.
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