XRP's Bullish Momentum Intact as Token Consolidates Near $1.50

Ripple's XRP continues to demonstrate strong bullish momentum as it consolidates near $1.50 on Tuesday, after a 72% rally last week pushed the token to $1.70 before pulling back for support.

The token's strong performance is attributed to improved crypto market sentiment, supported by the US Treasury's long-term bond buyback program and renewed momentum from the SEC to develop clearer industry regulations.

XRP ETFs and derivatives are also drawing investor interest, with $14 million in inflows on Monday, extending a five-day bullish streak. Cumulative inflows stand at $1.57 billion, up from $1.55 billion over the same period.