#SECGuidance

The cryptocurrency market has seen a significant rise since yesterday, with prices rapidly increasing after former President Donald Trump suspended tariffs on a country-by-country basis.

Many investors felt relieved, and funds began to flow back into digital assets. As a result, the total market capitalization of cryptocurrencies jumped by 6%, reaching $2.59 trillion, according to CoinMarketCap.

XRP led the market with a rise of $10.8 over the past twenty-four hours. It is now trading at $2.01 after a rocky start to the month.

While monthly outflows remain at 6.2%, weekly outflows have dropped to just 2%, indicating a decrease in the number of people withdrawing their funds. Traders believe that XRP may be ready for a major event.

Cryptocurrency analyst Egrag Crypto gave a new prediction regarding X, stating that XRP is forming a "symmetrical triangle" on the monthly timeframe.

Egrag compares this to an event that occurred in 2017 when XRP surged 2600% after breaking out of a similar pattern.