XRP Price Prediction: XRP Bounces From $2.72 Bottom – Could $10 Be Hit Within Days?
Main Idea
XRP's price has rebounded from a recent low, with potential for significant growth, supported by Ripple's new stablecoin and market trends.
Key Points
1. XRP (XRP) dropped nearly 8% over the past 7 days but rebounded by nearly 4% to reach $2.98, hinting at possible early accumulation.
2. Ripple launched its native stablecoin Ripple USD (RLUSD) and added support for Circle’s USDC, which could boost real-world utility and investor confidence.
3. RLUSD's market cap increased by 32.3% in July, reaching $602 million, and received an A rating from stablecoin auditing company Bluechip.
4. XRP broke a symmetrical triangle in the 12-hour chart mid-July, reaching $3.65, and found temporary support at $2.72, with potential for a rally towards $10.
5. A spot XRP ETF approval and supportive legislation like the Genius Act could further drive XRP's price upward.
Description
XRP (XRP) has dropped nearly 8% over the past 7 days, as the broader crypto market cools off from its July highs in what many see as a healthy correction. But does the recent price action support a bullish or bearish XRP price prediction ? Trading volume has declined by 25% in the past 24 hours, even as XRP rebounded by nearly 4% to reach $2.98 , hinting at possible early accumulation. Meanwhile, Ripple continues to push forward with its long-term vision of becoming the leading decentralized pla...
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