- Ripple XRP sees an 80% surge following a significant legal win against the SEC but later experiences a dip nearly 25% below its recent high.
- The introduction of XRP20-Token amid the 2.0-Coins hype and a feature allowing XRP communities to expand on Twitter have spurred fresh excitement among investors.
Just a few weeks ago, Ripple scored a partial victory against the US SEC. This decision led to a surge of euphoria in the cryptocurrency market, making XRP’s price skyrocket by more than 80% on the same day. Other altcoins also benefited, such as SOL, MATIC, and ADA, which averaged a 30% rise. Ripple’s XRP reached a high of $0.8875, but the excitement has since cooled down, and the price has dropped nearly 25% in the last three weeks, now standing at $0.6712.
Speculations and Expectations: Where is XRP Heading?
Wild price predictions for Ripple’s XRP have been making the rounds, with targets ranging from $100 to $500. However, XRP has struggled to form a stable base since the judgment against the SEC, making these predictions more publicity-driven rather than something to take seriously. As of now, there is no clear indication of a price floor, and the $0.70 mark has not been held. In the last 24 hours alone, the price has fallen more than 3.3%, and it is not inconceivable that the XRP price may continue to fall in August, likely settling between $0.55 and $0.60.
The Rise of XRP20-Token Amid the 2.0-Coins Hype
In the middle of the hype around 2.0-Coins, the new XRP20-Token has come at the perfect time and has captured investors’ imaginations. With the fame of XRP and the option to stake the ERC20-Token, XRP20 has rapidly gained popularity, reaching the $200,000 mark in presale in just a few days.
Elon Musk’s Tweet and Ripple XRP Community Expansion on Twitter
Another exciting development for the XRP community is Elon Musk’s recent tweet, which has introduced a new feature allowing Twitter users to create communities based on any topic. This feature will enable the XRP and Tradecurve community to widen their influence on the micro-blogging platform. Given that Twitter has become one of the preferred platforms for cryptocurrency investors, this development has ignited a fresh wave of anticipation and interest among the XRP community.
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