XRP Price Prediction After Ripple Treasury launch

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XRP Price Prediction After Ripple Treasury launch

Highlights

  • The introduction of Ripple Treasury boosts XRP upwards and institutional backing.
  • XRP price is soaring to the level of $2.00 with the necessary support of $1.85.
  • Strong XRP ETF inflows indicate institutional confidence in Ripple.

XRP has shown strong price momentum, currently trading at $1.92 and remaining above key support levels. The recent Treasury launch by Ripple has given a huge positive impact on markets, implying additional increase of its prices in the future.

The cryptocurrency market has made a bullish gain by 2.58% over the last 24 hours.

Bitcoin (BTC) is up above $90,000, and Ethereum (ETH) has moved past the $3,000 mark following a period of consolidation. 

With the FOMC meeting going on today, investors are looking forward to more recovery in the days to come.

Ripple Launches Treasury Platform to Integrate Blockchain and Traditional Finance

Ripple has launched Ripple Treasury, a new platform combining GTreasury’s software with Ripple’s blockchain technology. This is a major step in the company’s expansion into institutional finance.

The platform, which is the result of Ripple’s $1 billion acquisition of GTreasury, is meant to make the process of managing cash and digital assets easier for businesses. Ripple Treasury seeks to improve liquidity management, accelerate cross-border payments, and eliminate the need for pre-funding.

By combining more than 40 years of conventional treasury management with the latest breakthrough in blockchain infrastructure, the platform provides real-time solutions for global enterprises

It provides a unified system for companies to manage both their cash and digital assets, further positioning Ripple at the forefront of modern financial solutions.

Institutional Interest in XRP Grows as Spot ETFs See $9.16 Million Inflow

According to Sosvalue data, XRP spot ETFs recorded a net inflow of $9.16 million, reflecting strong institutional interest. In spite of the price fluctuation, XRP ETFs have consistently attracted investor demand since their debut.

XRP Price Prediction After Ripple Treasury launch

Conversely, Bitcoin and Ethereum spot ETFs recorded huge outflows of 147 million and 63.53 million, respectively. The ability of XRP to receive consistent inflows indicates that XRP is capturing more and more institutional interest.

XRP Price Eyes $2 as Bulls Push for Higher Gains

At the time of writing, the XRP price has surged to $1.92, and thus, there is a minor 2% growth within a day.

The price is currently hovering around $1.92, following a brief recovery.  The MACD (Moving Average Convergence Divergence) is also suggesting a bullish outlook in the short term. The MACD line is drawn above the signal line.

The RSI (Relative Strength Index) currently reads 52, indicating that XRP is neither overbought or oversold.

In case XRP price can break past above $2.00, there may be a resistance of about 2.10. However, a move below $1.85 may see further declines, as low as $1.75.

XRP Price Prediction After Ripple Treasury launch
Source: XRP/USD 4-hour chart: Tradingview

In conclusion, the Treasury launch of Ripple has had a severe positive effect on the price of XRP and has attracted much institutional interest towards it. The bullish momentum means that XRP could break through resistance levels, and there could be more gains for it.

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Frequently Asked Questions (FAQs)

1. What is Ripple Treasury?

Ripple Treasury is a platform that combines GTreasury’s software with Ripple’s blockchain technology to streamline digital asset management and enhance liquidity for businesses.

2. What impact has Ripple Treasury had on XRP's price?

The launch of Ripple Treasury has sparked positive momentum for XRP, contributing to price increases and attracting institutional interest.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

XRP

XRP

$1.90395308 -0.18%

24 Hours volume

$2.1B

Market Cap

$115.86B

Max Supply

100B

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About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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