Ripple has been more active lately, but XRP continues to bleed.
Ripple continues to strengthen its ecosystem by concluding strategic deals, participating in major investments, and announcing important news.
Despite these positive developments and strong institutional interest, XRP has fallen hard over the past few months and is currently trading approximately 70% below its all-time high set last summer.
All the latest stuff
Earlier this week, Gate.io (one of the leading cryptocurrency exchanges) was launched. He added The XRP/RLUSD trading pair is on its platform, thus including both Ripple assets. The company’s native token is available on almost all major trading venues, while the stablecoin has also been on a tear recently.
Not long ago, MasterCard Expanded Its infrastructure to allow merchants and partners to settle transactions in various cryptocurrencies, including RLUSD. Other known entities that enabled users to access the financial product Includes OKX, Binance, Kraken, and more.
Also ripple to make Strategic investment in Flutterwave (a leading payments company in Africa), with the deal aiming to integrate RLUSD into the organisation’s infrastructure.
The XRP Ledger has been upgraded Drawn Attention too. According to the X BSCN account, the underlying technology supporting XRP will be improved to mitigate the risks of quantum computing and support the emerging AI economy.
“The plan includes hybrid signature technology that can switch to stronger security if necessary. The initiative has been in development since 2024. Executives say the goal is to attract major financial institutions to the network.” He reads.
Hollywood and Ripple
The company’s annual conference, Ripple Swell, which brings together leaders from traditional finance, the cryptocurrency world and XRP enthusiasts, will be held in New York at the end of October.
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This year it will be the event civilized region By one of Hollywood’s most famous actors, Matt Damon. The Oscar winner, co-founder of Water.org, will tell participants how his organization is leveraging Ripple and RLUSD’s payment system to accelerate the movement of money and make a real impact across Asia, Africa and Latin America.
The European Training Foundation Front
Institutional interest in XRP remains strong, with inflows into spot XRP ETFs continuing to outpace outflows. This suggests that pension funds, hedge funds and other conservative investors continue to increase their exposure to the asset, thus laying the groundwork for a potential price rise.
It should be noted that BTC and ETH ETFs do not have the same investor interest and have been bleeding heavily in recent months.
XRP price forecast
Even with this progress, XRP has fallen by about 15% over the past month, reflecting the broader downtrend of the cryptocurrency market. It is currently trading at around $1.16, and some analysts believe further declines could be on the way.
X User Sjool | AltCryptoGems He claimed XRP is “in trouble again,” adding that if the bulls don’t hold the next support at $1, “things could get even uglier.”
On the other hand, whale activity indicates that a recovery may come next. like CryptoPotato I mentionedwallets holding at least 1 million XRP have gained more than 1.5 billion XRP in the past six months, indicating strong conviction and perhaps preparation for the next bull market.
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