XRP's price is consolidating within a tightening descending triangle pattern on the hourly chart, squeezing into a narrow $1.34–$1.36 range. This setup suggests a potential breakout soon, targeting a 20% rise to around $1.60 if key resistance levels at $1.38 and $1.40 are surpassed. The bullish scenario depends on holding support above $1.31. Additionally, an important U.S. Senate vote on the CLARITY Act, which could clarify XRP's legal status, is scheduled for September 15 and may influence market sentiment. A failed vote could push XRP down toward $1, while a successful breakout would support gains toward $1.60 and possibly $1.66. The breakout direction will likely shape XRP's trend for the rest of September amid cautious market conditions influenced by U.S. economic data and Federal Reserve decisions.
XRP has found crucial support at $1.35 after a 20% drop from $1.70, with significant trading volume at this level suggesting strong investor interest. The recent pullback is linked to profit-taking and whale selling, which saw about 90 million XRP re...
XRP is trading near $1.34 amid growing interest in its use as collateral for institutional credit, a use case highlighted by RippleX's Head of Product, Jazzi Cooper. This narrative links XRP to lending beyond cross-border payments, though key protoco...
Bitcoin, Ethereum, and XRP are maintaining stable prices as the Federal Reserve's September 16 meeting approaches, despite rising Treasury yields nearing 5%. This resilience suggests the crypto market may be adapting to a higher interest rate environ...
Ripple has identified corporate treasury clients handling about $13 trillion annually as a key growth opportunity for its $2.4 billion RLUSD stablecoin. RLUSD's supply has grown over 50% in a month, circulating mainly on Ethereum and the XRP Ledger. ...
RippleX's Head of Product, Jazzi Cooper, highlighted XRP as a promising collateral asset for institutional credit using the XRP Ledger's lending architecture (XLS-65 and XLS-66). This approach would allow institutions to borrow stablecoins like RLUSD...
