The cryptocurrency market is deemed volatile due to many reasons. The fact that the market can note upswings influenced by the slightest change of plans and strategies is what makes it a lucrative market to explore at the moment. With Valentine’s Day around the corner, the market sentiment is currently bearish but can change anytime, as key events and festivals tend to bring impactful changes in the market. Will this day prove to be any more lucrative for Ripple (XRP) in general? Let’s find out.
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Ripple: New Updates
The Ripple ecosystem is currently busy brewing new programs for the market to take part in and explore at the moment. Ripple has recently partnered with Unicambio exchange to avail of cross-border payments in Columbia and Portugal. This significant feat will help the ecosystem robust its presence, enabling it to establish its expertise in an organized setting.
Very excited to 1/ add another country (Portugal!) to the Ripple Payments network and 2/ grow the vital Brazil-Portugal corridor with Unicambio joining existing customers including Travelex Bank and Mercado Bitcoin! https://t.co/TW0kZQskPF https://t.co/DBW8HNVAMh
— Monica Long (@MonicaLongSF) February 11, 2025
Apart from that, the stablecoin domain in the US is gaining traction again with Trump’s crypto czar, Sacks, announcing plans to robust the aforementioned system. This is especially beneficial for RLUSD, Ripple’s newly launched stablecoin, which will again help the ecosystem gain new momentum and strength.
JUST IN: 🇺🇸 President Trump's Crypto Czar David Sacks says stablecoins have the potential to ensure the US dollar dominance internationally. pic.twitter.com/yU5BTa25k6
— Watcher.Guru (@WatcherGuru) February 4, 2025
In addition to this, XRP is currently awaiting approvals on a plethora of new ETFs that have been filed by leading financial companies like Bitwise, Grayscale, and Canary. If the US SEC approves the spree of the ETF application of Ripple, the development can significantly bolster XRP’s price, taking it to new highs in no time.
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The Token’s Valentine’s Update
Per CoinCodex, XRP may surge to sit at the $2.64 price level.
The token, however, may stabilize around $2.46 by the end of February 2025.
“According to our current XRP price prediction. The price of XRP is predicted to rise by 2.56% and reach $ 2.46 by March 10, 2025. Per our technical indicators, the current sentiment is neutral while the Fear & Greed Index is showing 44 (fear). XRP recorded 15/30 (50%) green days with 11.43% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy XRP.”
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