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Ripple Price Prediction as $200K XRPL Accelerator Goes Live
In a significant move, Ripple has just announced the launch of its $200,000 XRPL Accelerator Program in partnership with Tenity Global. This initiative is aimed at supporting blockchain startups and developers across the Asia-Pacific (APAC) region, focusing on real-world asset tokenization, institutional decentralized finance (DeFi), and AI-powered blockchain applications.
The accelerator program will run for a duration of 12 weeks, providing selected projects with up to $200,000 in funding. This development has significant implications for XRP’s price prediction. As the program is focused on APAC, it is likely to have a positive impact on the cryptocurrency’s trading performance.
In the short term, XRP’s price action appears to be reflecting broader market movements. With Bitcoin and other major cryptocurrencies displaying strength, XRP too has started to push higher. A recent breakout above $2.25 is a significant development, indicating that $2.31-$2.35 could be the next target zone. If the cryptocurrency manages to close above $2.35, it may rally further towards $2.43-$2.44 and potentially retest recent highs around $2.60.
This 10% upside move would be a positive development for XRP’s price prediction. However, as with any cryptocurrency, Bitcoin’s price direction still has a significant influence on the trading performance of altcoins like XRP. As long as Bitcoin holds its ground, XRP traders and holders may see some positive price action ahead.
The XRPL Accelerator Program is likely to have long-term implications for Ripple’s growth trajectory, which could translate into a bullish XRP price prediction. As more projects are developed on the XRP Ledger, it will not only increase adoption but also boost confidence in the cryptocurrency’s potential.
Source: coinpedia.org
