Will This new Catalyst Send XRP Soaring Past the $1 Mark?

Published on 11 Apr 2024 on Motley Fool via Yahoo Finance

Will This new Catalyst Send XRP Soaring Past the $1 Mark?

Even ardent supporters of XRP (CRYPTO: XRP) must be getting tired of waiting for its price to soar. XRP still trades around the $0.62 mark, almost exactly the same as on Jan. 1. Meanwhile, Bitcoin (CRYPTO: BTC) has blasted off into the stratosphere, reaching new all-time highs this year.

But XRP may have one more trick up its sleeve. Ripple, the company behind the XRP crypto token, recently announced plans to launch a new stablecoin for the XRP ecosystem. If successful, this new product launch could revive growth prospects for XRP and potentially send the value of the crypto token past the $1 mark.

Why a stablecoin matters for XRP

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Will This new Catalyst Send XRP Soaring Past the $1 Mark?

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