Nervous Investors? July XRP & Crypto Market Movement Determinants!

<p>&nbsp;"Hmm hopefully that's good news."</p><p><br /></p><p>Ripple's Chief Executive Officer (CEO) Brad Garlinghouse and chief legal officer Stuart Alderoty are optimistic that the Summary Judgment will be in Ripple's favor, so July is an important month for the cryptocurrency market.</p><p><br /></p><p>This is because the Financial Services Committee of the United States (US) is about to clarify digital asset regulations, meaning the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) may have separate controls over the crypto market.</p><p><br /></p><p>While Binance issues, Coinbase, Terraform Labs and others will also announce major results in July.</p><p><br /></p><p><br /></p><p>Although the case has so far not reached a conclusion, Ripple last week received approval in principle for a Major Payment Institution license from Singapore's central bank, the Monetary Authority of Singapore (MAS).</p><p><br /></p><p>Please note that institutional investors are interested in buying the XRP cryptocurrency founded by Ripple after the Bitcoin (BTC) ETF and TradFi filings are on the rise, sparking positive sentiment among traders.</p><p><br /></p><p>Through observation, the price of XRP managed to jump by 25% in January, 50% in March and 25% in May immediately after the daily active address increased significantly in the last few days.</p><p><br /></p><p>Therefore, XRP is expected to climb higher in the near future even though it is still recording a decrease of 0.45% in the last 24 hours and then slipped 11.67% during the last week.</p>