Ripple (XRP) is undoubtedly one of the most promising crypto coins out in the space. The token has long been attracting heavy scrutiny and attention across the sector, primarily due to its ongoing case with the US SEC. Despite encountering partial wins clarifying its impending success, Ripple is unable to break past the shackles of the $0.40-$0.50 price range. As bullish July rings in, analysts and enthusiasts are hoping to see XRP in action, with its price surging high. But is it truly possible?
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Ripple Gains Approval To Conduct Global Transfers In Dubai
In one of the recent XRP wins, Ripple has recently received approvals from VARA Dubai for global money transfers, ushering in a wave of excitement within the XRP community. The step marks a pivotal point in Ripple’s journey, proving that the token is indeed a robust part of the growing crypto ecosystem.
The approvals also hint at potentially bolstering buyer sentiment alongside the increasing market confidence within the XRP ecosystem. Such crucial developments could boost user demand for XRP, and at the same time help in global XRP adoption at a rapid pace. With Ripple forging new international collaborations, the case for XRP winning against all odds gains stronger robust momentum.
XRP July Forecast: Where Is Ripple Headed?
Bullish July, as the term goes by in the crypto-verse, may serendipitously help XRP in gaining significant market momentum. Per CoinCodex, July appears to be a favorable month for XRP, helping the token gain its lost valuation. From July 3 to July 15, the token has the potential to surge by 7% to 30% trading at a price threshold of $0.62.
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However, the constant surge may also be accompanied by occasional downturns that may compel XRP to average $0.57 by the end of the month.
“According to our current XRP price prediction, the price of XRP is predicted to rise by 20.71% and reach $ 0.576168 by August 1, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 53 (Neutral). XRP recorded 13/30 (43%) green days with 3.37% price volatility over the last 30 days.”