XRP prepares for rally as RLUSD’s market cap hits $500M; check forecast
2025-07-10 09:40:20
Main Idea
XRP is experiencing a price rally, trading above $2.4, driven by RLUSD's market cap surpassing $500M, with bullish indicators suggesting further growth towards $4-$6.
Key Points
1. XRP is up 4.4% in the last 24 hours, trading above $2.4 for the first time since May 22.
2. RLUSD, Ripple’s stablecoin, has surpassed a market cap of $500M, becoming one of the top 20 stablecoins globally.
3. Analysts predict XRP could rally towards $2.65 in the near term, with a medium-term target of $4-$6.
4. Technical indicators, including the Relative Strength Index (RSI), suggest XRP could break above $3 and potentially reach $3.2.
5. Thumzup Media has expanded its treasury strategy to include XRP, SOL, DOGE, and ETH, with Donald Trump Jr. owning 350,000 shares worth about $4M.
Description
The cryptocurrency market extended its rally on Wednesday, with Bitcoin and other major cryptocurrencies in the green. Bitcoin set a new all-time high of $112k roughly two months after hitting $111k for the first time in its history. XRP is one of the best performers in the top 10, as it is up 4% over the last 24 hours. Traders are anticipating a further price surge for XRP amid growing institutional demand. RLUSD’s market cap surpasses $500M XRP, Ripple’s native coin, is up 4.4% in the last 24 ...
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