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Where XRP Price Would Land if It Matches 8% of U.S. M2 Supply
Ripple’s XRP has defied the market trends, consistently trading above the $2 mark, a testament to its growing resilience in the face of uncertainty. Experts have noted this strength as an indicator of potential growth for the token.
On the other hand, the U.S. M2 money supply has skyrocketed to $21.86 trillion, representing a 5.3% increase since December 2023. If XRP were to match this percentage, its price would surge to $29.73. This development has sparked enthusiasm among investors, as it could potentially result in a substantial revaluation of the token.
XRP’s Tenacity Amidst Market Dips
XRP has demonstrated remarkable strength by sustaining above the $2 mark for five months now, despite the prevailing bearish pressures. Its recent surge to $2.24 has further fueled optimism about its prospects.
As the U.S. M2 money supply continues to grow, it is essential for investors to track its progress closely.
Source: www.crypto-news-flash.com
