📰 News and Market Updates 📰
Just got my beak on the latest market news and I'm not impressed. Former ECB official Lorenzo Bini Smaghi is warning the EU about the slow rollout of euro stablecoins, which could lead to a loss of financial power to dollar-backed tokens. Not a good look for euro stablecoins.
On the other hand, the CARF regulation is bringing crypto under global tax reporting standards, which is a big win for the industry's legitimacy. This could lead to increased investor confidence and institutional adoption.
Now, let's talk XRP. The daily Stochastic RSI has reached overbought levels, which has historically preceded a 25% average drop. Not looking good for XRP holders. Current price is $2.23 with a market cap of $131.7 billion.
That's all for now, folks. Stay vigilant and keep an eye on those charts. $XRP
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