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XRP Price Reclaims $2.20, What’s Next?
Ripple’s RLUSD stablecoin has gained traction in less than 10 days since its launch, which could potentially fuel the anticipated growth of XRP prices. As a result, we’re witnessing a remarkable upswing in Ripple’s flagship token.
The recent surge in RLUSD’s adoption may have contributed to the significant price increase of XRP. The asset has reclaimed $2.20 for the first time since November 2021. This upward momentum is expected to continue as long as RLUSD’s popularity maintains its pace.
However, for XRP prices to reach their full potential, Ripple must expand its availability on some of the biggest crypto exchange platforms. Coinbase, Binance, and Bybit are yet to list the stablecoin, which could hinder further growth. If RLUSD is listed on these platforms, it may accelerate adoption rates and drive interest in XRP, ultimately driving the asset’s price higher.
In light of this positive sentiment surrounding the incoming administration in the U.S., XRP might aim for testing the $3 level in the near future.
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Source: u.today
