Ripple, the company behind XRP, recently announced a strategic partnership with the Bank of New York Mellon (BNY Mellon) to manage the stablecoin RLUSD. This partnership is seen as an important step in expanding the adoption of digital assets by institutions and connecting traditional finance with the crypto ecosystem.
The impact of this partnership is predicted to drive XRP's price to continue rising, with a target price around $2.87 or even $3.72 if the upward momentum continues.
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