This is undoubtedly one of the Altcoin that we are talking about the most. Despite the fact that this currency has been in a difficult period for some time, it always shows regular resilience and positive signs again. We are talking, of course, of the Ripple cryptocurrency, better known as Xrp. And again, the currency shows a series of signals, which makes a big climb in the near future is almost thrown.
Ripple busy with his future
With the positive period of November of last year, XRP also managed to benefit considerably. However, Tot suddenly stopped in early December. Since then, the currency has evolved mainly lateral between the limits of 2 and 2.70 dollars, with a rebound at 3 dollars in January of this year. It is clear that the currency shows great resistance, but the operators obviously expect to continue to increase.
For this, a series of positive factors will be necessary which inspires sufficient confidence for new investors. Fortunately, Ripple is already in it. The company is busy improving its own XRPL blockchain. For example, it plans to offer more network programming options and has developed a brand new loan system. Last point, but no less important, he made great advances in the ability to operate through different blockchains.
In addition, he has already widened his own empire with the acquisition of the hidden road negotiation platform for the incredible figure of $ 1,250 million. The company plans to unfold its own stablecoin, called Rlusd, on this platform. The company is likely to make new acquisitions. According to one of the main leaders of Ripple, it is said that conversations take place with several companies, from the initial phase to the final phase.
XRP price at $ 30?
Due to positive development, you can also find favorable data points on the market. For example, the Negotiation volume of Future contracts increased to exceed $ 542 million from the middle of May. This clearly shows that retail and institutional investors are interested in money. Although the currency is particularly popular in the United States, it seems that around half of the volume of operations comes from outside the country. In summary, the interest in currency increases in the world.
But there are also “advantages” in the technical aspect. According to a cryptanalist From the social media platform X, the recent correction of the $ 1.90 level could be the prelude to a significant increase. If the currency followed an elliott wave if called, it would even be possible a price of 5 dollars. It is also said that the same analyst previously predicted that the price of the cryptocurrency could increase at a price between 20 and 30 dollars at the end of this cycle.
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