Ripple's (XRP) price faces growing downside risks while hovering at around $2.33 at the time of writing on Wednesday. Its suppressed price action in the last three days reflects range consolidation in the broader cryptocurrency market, even as Bitcoin (BTC) closes in on all-time highs.
The cryptocurrency sector valuation crossed the $3.1 trillion market on Thursday, as markets reacted to bullish macro pointers.
Governor Katie Hobbs of Arizona signed House Bill 2749 on Wednesday. This bill allows Arizona to claim ownership of abandoned digital assets if the owner fails to respond to communications within three years.