Here is the reason that the prices of Dogecoin and XRP jump again

Dogoin and XRP prices jump again, as it witnessed huge declines earlier this week along with the broader encryption market. This price increased occurred due to several factors, including the organizational clarity that can soon achieve XRP with SEC settlement On the horizon.

Why do Dogoin and XRP prices jump again

Coinmarketcap data He explains that the prices of Dogecoin and XRP have increased more than 35 and 6 %, respectively, during the past 24 hours. Both currencies recorded these prices in prices due to many basics that provide an upward view of them. One of them is the last report of journalist Elianor Territ SEC case It can be concluded soon.

The end of the Ripple case is the most particularly risk for the XRP price, given that at the heart of this long legal battle that started in 2020. A positive closure of the issue will put doubts about the state of XRP insecurity and investor confidence, which is why Coin has seen these parts.

The end of the Ripple SEC case is also ascending to Dogecoin price And other encryption assets because it can be comfortable with the argument that this asset category can be considered securities. Another reason is that the prices of Dogecoin and XRP jump again is the 30 -day ceasefire and the final end of the war between Russia and Ukraine.

In fact, social, US President Donald Trump It revealed that the United States has very good and fruitful discussions with Russian President Vladimir Putin and that there is a “very good” opportunity that the bloody war will finally end. The war of the war of Russia and the Krin would help in the stability of markets, and the prices of Dogecoin and XRP already interact with this bullish basic.

Kindly economics factors begin to align

The macroeconomic factors have started compatible with the benefit of the encryption market, and this is another reason that makes Dogecoin and XRP prices What reaches again. The inflation data that was released this week indicated that inflation in the United States may reduce, which is considered upward to these encrypted assets.

the CPI inflation data It showed that inflation rose to 2.8 % in February, less than 3.0 % expected. Meanwhile, PPI data showed that inflation increased by 0 %, less than 0.3 % expected. With these numbers, there is some confidence in the market that inflation may already slow down, which may push the American Federal Reserve to reduce prices.

The price cuts are optimistic to the encryption market because investors will be confident in allocating enough capital to these risk assets. As such, Dogecoin and XRP prices are already pricing in these developments as the last boom increased. From Macro’s point of view, these metal currencies can record additional gains next week if the Federal Reserve is adopting an incentive position at the FOMC meeting and hints in imminent monetary mitigation policies.

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