Altcoins like XRP are being treated with caution by traders, despite the cryptocurrency market showing signs of stability. The focus continues to shift towards the leading cryptocurrency, Bitcoin (BTC).
Primarily fueled by the anticipation of a possible end to the legal dispute between blockchain firm Ripple and the U.S. Securities and Exchange Commission (SEC), XRP, which Ripple employs for cross-border payments, has seen an increase of over 3% to $2.24 in the last 24 hours.
This payments-centric cryptocurrency is making waves and attracting investor attention, even as Dogecoin (DOGE) approaches a worrying technical indicator known as the Death Cross and Bitcoin’s market dominance reaches a four-year high.
