According to Odaily, recent data from Farside Investors indicates that VanEck HODL experienced a substantial net inflow of $10.1 million yesterday. This development highlights a growing interest in the investment product, reflecting a positive trend in the market.
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Despite this, traders remain focused on potential breakout levels. The $0.57 mark has emerged as a critical point for bulls, who may be preparing for another attempt to push the price higher. If XRP manages to break through this resistance, it could target higher levels, potentially reaching $0.665 and even $0.748. However, further consolidation or minor corrections might occur before a sustained rally can be achieved. This optimistic outlook could be invalidated if XRP falls below its daily moving averages of 50 and 200, suggesting an extended-range trading scenario with support near $0.487. At the time of writing, XRP was down 0.55% over the last 24 hours, trading at $0.5488. #XRP
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Bratcher suggests that the key to overcoming this apprehension is to educate lawmakers on the importance of embracing blockchain technology. He warns that if the United States fails to adopt blockchain, it risks falling behind international competitors who continue to innovate in this space. Bratcher's advocacy extends to the strategic implications of blockchain, particularly in relation to stablecoins, which he describes as a "killer app" for the technology alongside Bitcoin (BTC). He argues that stablecoins offer an efficient means of transferring money globally and can increase demand for US treasuries, thereby reinforcing the US dollar's status as the world reserve currency.
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