XRP Gains 6% Amidst Japan’s Crypto Tax Cut, Escrowed Funds
XRP Gains 6% Amidst Japan’s Crypto Tax Cut, Escrowed Funds
Ripple, XRPUSD, surged by 6.27% in the last 24 hours, outperforming the broader crypto market as investors sentiment improved following Japan’s crypto tax cut and supply tightening.
XRP is hovering around $1.99 with more than a 59% spike in trading volume in the last 24 hours across the crypto market. With $120 billion in XRP market capitalisation on Friday, trading data showed volume climbed by $2.71 billion on the day.
On the technical side, XRP defended $1.80 support and broke above $1.90 on Tuesday. Its positive price movement combines technical momentum, ETF-driven supply crunch, and Japan’s pro-crypto pivot.
Key drivers of the new momentum includes institutional ETF…
