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Alejandro Arrieche
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Alejandro Arrieche
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Amid a market selloff, Ripple’s latest move could strengthen a Bullish XRP price forecastas the company announced the launch of Ripple Primea new crypto exchange for US customers.
The announcement was made on Monday, as Ripple USD (RLUSD), the network’s native stablecoin, hit the $1 billion mark in market capitalization.
Ripple Prime is the result of a previous acquisition of Hidden Road. The two companies have combined their licenses to offer OTC trading to US institutional clients, facilitating the trading of crypto assets.
XRP Price Forecast: XRP needs to stay above this level to start the recovery
XRP is down 5% in the last 24 hours, and currently stands at $2.27. Trading volumes exploded by nearly 100% to nearly $8 billion, representing 6% of the token’s circulating supply.
The token is now approaching what could be considered its last line of defense before a bigger decline.
At $2.20, the market will decide if the latest developments are bad enough to launch a bear market, or buyers can step in to take the token with the expectation that these ecosystem growth initiatives will lift it by the end of the year.
The Relative Strength Index (RSI) is close to oversold territory on the 4-hour chart, increasing the chances of a rebound out of this level.
If that happens, we can see XRP will reach $3 soonmeaning a potential upside of 36% in the short term.
When the momentum starts to turn, the first pre-sold cryptos like Bitcoin Hyper ($HYPER) could see the biggest gains.
With more than 25 million dollars already raised, the project is to build a faster and cheaper version of Bitcoin that supports smart contracts, business applications and new use cases that the original network was never built for.
Bitcoin Hyper brings speed and simplicity to BTC – Early buyers could see big gains
Bitcoin Hyper ($ HYPER) brings Solana’s speed and low fees to Bitcoin, unlocking fast and affordable crypto features for BTC holders.
Bitcoin Hyper is building a faster and smarter version of Bitcoin that solves some of its biggest problems – like slow transactions and the lack of apps.
Using the Hyper Bridge, anyone can send their BTC to a secure wallet and instantly get the same amount on the Bitcoin Hyper network.
Once you’re in, you can do things that regular Bitcoin doesn’t allow – like earning rewards, staking, lending, and using apps for trading, payments, and even meme coins.
Crypto analysts say that as more exchanges and large investors adopt the network, demand for $HYPER could surge – giving early buyers a major advantage.
To buy $ HYPER before its next price increase, simply head to the Bitcoin Hyper official site and connect your wallet (ex Best Wallet).
You can exchange USDT or SOL to complete the transaction or use a bank card instead.
