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Ripple (XRP) is a leading cryptocurrency, financial dynamite harbouring a vast expanse of opportunities within its ecosystem. Despite its legal spat with the US SEC, Ripple kept forging its own price path by collaborating with world organizations to find new use cases for XRP. Now that the Ripple-SEC spat has officially ended, AI has predicted a new price for XRP to claim on September 25.
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Ripple: New Developments And Predictions
Ripple’s New Developments
XRP is currently one of the most popular cryptocurrencies existing in the space. Ripple is taking the financial domain by storm by launching XRPL as an alternative to cross-border payment mechanisms.
The organization has also launched its stablecoin, RLUSD, which is making great strides in its current financial regimen. In a new blog post by Ripple, RLUSD has been defined as a stablecoin backed by a segregated reserve of cash and cash equivalents.
“Ripple USD is purpose-built for payments, designed to maintain a constant value of one US dollar. It is fully backed by a segregated reserve of cash and cash equivalents and is redeemable 1:1 for US dollars. RLUSD is issued on the XRP Ledger and Ethereum blockchains, enabling instant payouts and easy fiat-stablecoin on/off ramps.”
At the same time, the launch of the Grayscale XRP fund has given enough momentum for XRP to soar higher than its predetermined price levels. This is huge, considering how the token has fought vigorously to claim its rightful position in space.
The fund will enable investors to gain exposure to XRP, a feat that may eventually help the token breach new price highs.
Finder panellists, an esteemed panel of financial experts, have already forecasted their long-term predictions for XRP. Per analysts, XRP is already on its way to the end of 2024 by trading at the $0.66 price mark. By 2025, the token may surge to hit the coveted $1 price mark.
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AI Predicts Token’s Price For September 25, 2024
According to technical platforms like CoinCodex, XRP may surge to trade at the $0.69 price level, surging 22%.
By mid-October, the token can spike to trade at $0.70, after which it’s free to explore new price horizons.
“The price of Ripple is predicted to rise by 19.95% and reach $0.705697 by October 17, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 33 (fear). Ripples’s recorded 16/30 (53%) green days with 4.36% price volatility over the last 30 days. Based on the Ripple forecast, it’s now a good time to buy XRP.”
Also Read: Ripple: XRP Outperforms Top 10 Cryptocurrencies, Rallies 8.8%
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