XRP (Ripple)~ let's try to understand some basic fact on XRP according to news update 👇
XRP is trading at around $2.33, with a 3.28% decrease in the last 24 hours. However, another source indicates the price is $2.40 with a 1.81% increase.
The market capitalization of XRP is approximately $140.50 billion and XRP has been struggling to break through key resistance levels at $2.62. If it breaks above $2.50 and $2.62 with strong buying support, it might recover. However, if it falls below the $2.30 support, the risk of a significant drop increases.
Some analysts predict XRP could hit $10 by mid-2026 or even $100 - $10,000 within the next five to ten years, depending on market conditions and Ripple's legal situation.
The SEC and Ripple are inching closer to a settlement, with Judge Torres deliberating on key institutional sales rulings. A favorable outcome may boost crypto demand and pave the way for an XRP
Ripple's president, Monica Long, highlights increasing US bank interest in blockchain and Ripple's payment platform, which could support broader XRP adoption.
XRP futures open interest has surged by over $1 billion, climbing from $2.42 billion, ahead of potential ETF approval in June 2025.
The potential approval of an XRP-spot ETF could offer investors safe access to crypto and underscore the potential for ETF adoption, with some analysts predicting a price rally.
~ Keep an eye on market trends, analysis and fluctuations to make informed decisions.
Note: This is not a financial advice.
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