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XRP Price on Verge of Major Milestone, Is $3 Imminent?
In a stunning turn of events, the cryptocurrency market has seen XRP’s price surge by 9.33% in just 24 hours, with over $10 billion coins traded during this period. This massive influx of capital has put XRP at the cusp of a major milestone, with the possibility of retesting the $3 horizon now more visible than ever.
As regulatory winds shift in its favor, XRP’s fundamentals are starting to look increasingly bullish. The recent surge in interest is largely attributed to the potential approval of an XRP ETF product in the United States, which would allow the coin to be traded under regulated conditions, opening it up to a broader investor base. This development has the potential to trigger a significant influx of capital into the market.
Furthermore, Ripple Labs Inc.’s secured approval to launch the RLUSD stablecoin from the New York Department of Financial Services (NYDFS) is poised to greatly enhance XRP’s liquidity and utility. This added functionality could have long-term implications for XRP’s value.
The confluence of these bullish factors has set the stage for a potential $3 retest, which would be a significant milestone for the cryptocurrency.
Source: u.today
