Will XRP Soar to $10 or Just Flap Its Wings? 🦅💸

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Ah, the price of XRP, that fickle mistress! After a rather dramatic plunge yesterday, reminiscent of a tragic play, it has decided to rise slightly, as if to mock the broader crypto market crash. A well-known oracle of the market, who has previously foretold the doom of Ripple’s native asset, now whispers sweet nothings of a $10 rally. Meanwhile, Ripple has graced us with some insights on the XRP Ledger (XRPL), which has piqued the interest of investors, or perhaps merely amused them.

XRP Price Recovers: Is $10 Rally Imminent?

Today, XRP has managed to climb a modest 1%, trading at $2.29, while its trading volume has surged by 41% to $11.72. The Relative Strength Index, however, languishes at 37, a testament to the heavy selling pressure that has beset this crypto darling.

In the past 30 days, our dear crypto has shed nearly 22% of its value, and it continues to lose about 10% weekly. The XRP Futures Open Interest has also dipped by 2.25%, a clear indication that investors are still tiptoeing around this volatile market like a cat on a hot tin roof.

Yet, amidst this gloom, a top expert has ignited a flicker of hope with predictions of a robust rally ahead. How delightful!

Price To Hit $10?

Despite the prevailing melancholy, some experts remain optimistic about the coin’s future trajectory. The illustrious CasiTrades, who has previously predicted the XRP price crash with uncanny accuracy, now suggests that the crypto could soar between $8 and $13. A veritable rollercoaster of emotions!

In a recent post on X, when a curious soul inquired about the future of Ripple’s native asset, the expert hinted at a potential rally once it reaches a new all-time high (ATH). To reach the coveted $10 mark, however, it seems XRP must first aim for its ATH of $3.84, a feat reminiscent of a tightrope walker balancing precariously above a pit of alligators.

Meanwhile, the market sentiment has been buoyed by Ripple’s latest revelations about the XRPL’s future. Let us embark on a brief journey to uncover what lies ahead for this platform.

Ripple & XRPL: Market Optimism Soars

In a recent blog post, Ripple has shared key insights on XRPL, which have garnered significant attention from market participants. The blockchain firm has unveiled its grand vision for the future of XRPL, outlining a roadmap that prioritizes institutional-grade decentralized finance (DeFi) solutions. How noble!

Key Developments

Enhanced Compliance Features

The XRPL is poised to introduce expanded compliance features, including Credentials, Permissioned Domains, and a Permissioned DEX. These innovations will allow institutions to construct secure, compliant trading venues on the XRPL, as if building a fortress in a land of chaos.

Multi-Purpose Tokens (MPTs)

The introduction of MPTs promises a more flexible and efficient token standard, enabling institutions to tokenize and trade bonds, real-world assets (RWAs), and structured financial products with enhanced functionality. A veritable Swiss Army knife of tokens!

XRPL Lending Protocol

A proposed amendment will allow crypto-native businesses to integrate lending with Ripple Payments, DEX, RWAs, and stablecoins. This will provide a decentralized, protocol-native solution for lending, reducing reliance on intermediaries. A breath of fresh air in a stuffy room!

Programmability

Ripple is committed to bringing permissionless programmability to the XRPL, focusing on preserving the network’s efficiency, reliability, and simplicity. The introduction of ‘Extensions’ will allow developers to customize features like escrows, automated market makers (AMMs), and tokens. A playground for the imaginative!

XRPL EVM Sidechain

Set for Mainnet launch in Q2 2025, the XRPL EVM Sidechain will offer a complementary solution to the XRPL, enabling developers to deploy cross-chain or EVM

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2025-02-26 10:08