Crypto pundit Bird has highlighted why this week could be a massive one for XRP. This comes as market investors keep an eye on key macro events such as the U.S. CPI and also the upcoming CLARITY Act markup.
Why This Is A Massive Week For XRP
In an X post, Bird stated that this is a massive week as the Russell 2000 has rallied to new all-time highs (ATHs). He explained that every previous time that this has happened, XRP has gone on to record a major run. The analyst also alluded to macro data dropping this week, which could also impact the XRP price.
Bird noted that the CPI and PPI inflation data, which drops this week, always injects volatility into the crypto market. The crypto pundit also stated that the long-awaited markup of the market structure bill (CLARITY Act) is scheduled for this Thursday. This is significant because the legislation could provide legal clarity for XRP and other crypto assets.
The pundit remarked that the charts and macro are aligning for XR
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