Ripple (XRP) is a financial dynamite and leading cryptocurrency with vast opportunities within its ecosystem. Despite its legal battle with the US SEC, Ripple continued to pave its own pricing path by working with organizations around the world and finding new use cases for XRP. Now that the battle between Ripple and the SEC is officially over, an AI has predicted the new price XRP will charge on September 25th.
Ripple: New Developments and Predictions
Ripple’s new developments
XRP is currently one of the most popular cryptocurrencies in the space, and Ripple is taking the financial sector by storm with the launch of XRPL as an alternative cross-border payment mechanism.
The organization has also launched a stablecoin, RLUSD, which is a major advancement in the current treasury structure. In a new blog post from Ripple, RLUSD is defined as a stablecoin backed by a segregated reserve of cash and cash equivalents.
“Ripple USD is purpose-built for payments and is designed to hold a constant value of 1 US Dollar. It is fully backed by a segregated reserve of cash and cash equivalents and is 1:1 convertible with US Dollars. RLUSD is issued on the XRP Ledger and the Ethereum blockchain, enabling instant payments and easy on/off-ramping of fiat and stablecoins.”
At the same time, the launch of the Grayscale XRP Fund gave XRP enough momentum to surge past preset price levels, which is huge considering the token has been fighting vigorously to claim its rightful place in the universe.
The fund will allow investors to gain exposure to XRP, which could ultimately help the token reach new highs.
Panelists from Finder, a prestigious panel of financial experts, have already released their long-term predictions for XRP: According to the analysts, XRP is expected to trade at $0.66 by the end of 2024. By 2025, the token could soar and reach the coveted $1 price level.
AI predicts token prices on September 25, 2024
According to tech platforms such as CoinCodex, XRP could rise by 22% to trade at a price level of $0.69.
By mid-October, the token may surge until it is trading at $0.70, after which it will be free to explore a new price range.
“Ripple price is predicted to rise by 19.95% and reach $0.705697 by October 17, 2024. According to our technical indicators, current sentiment is bullish, while the fear and greed index is showing 33 (fear). Ripple has seen a 4.36% price movement in the past 30 days with 16 out of 30 days (53%) in the green. Based on Ripple prediction, now is a good time to buy XRP.”
