Additionally, because there is no physical product or centralized organizing body, it is hard to point to anything and say “see, that good thing happened, crypto values will increase now”. So how does cryptocurrency gain value?
Speculators in the crypto community continue to describe Brooks move as a stepdown, however, in terms of company size and brand awareness in the crypto space considering his office as CEO of Binance US previously.

This suggests that bulls have flipped the $1.24 level into support. This level could now act as a launchpad for the next leg of the up-move. The XRP/USDT pair could rally to the overhead resistance at $1.41 where the bears are expected to mount a stiff resistance.
In the short term, situations occur where the factors lead the price and where the factors lag the price. However in most cases, the factor lags the price in the short term (seen by upward facing arrows near the top of each scalogram). This is understandable given short term changes appear likely to be the result of particular events, as discussed above. It is likely the market price will reflect the event quicker than social media; social media may experience a longer interval of discussion and activity relating to the original event and resulting price change.