XRP Price Tests $0.60 Support as Ripple Announces Grant Program
The XRP price from Ripple is currently under pressure, testing the critical support zone at $0.60. This is happening in a market environment characterized by a widespread correction—Bitcoin has also fallen back below the $70,000 mark.
Ripple has called on developers to apply for its XRPLedger Grants program. The program aims to promote innovation on the blockchain and develop applications that can increase the utility of the XRPLedger. The funds provided range from $10,000 to $200,000 for projects with durations of up to one year.
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XRP Price Forecast: How Long Will Ripple Continue the Correction?
As per the article by BeInCrypto | Bitcoin & Crypto News, XRP was recently rejected at a significant resistance mark and might now revisit the Golden Ratio support around $0.52.
Despite bullish signals in the daily chart, indicators like the MACD lines in the weekly chart show bearish trends. It remains crucial to wait and see which level will break next—whether there will be a breakout above approximately $0.75 or a decline to the next significant support at about $0.43.
Will the XRP Price Soon Reach One Dollar?
CryptoTicker.io - Bitcoin Price, Ethereum Price & Crypto News reports on various factors concerning Ripple's future prospects and regulatory uncertainties in the USA regarding XRP's classification as a security by the SEC (Securities and Exchange Commission).
Furthermore, the discussion includes how these aspects, in conjunction with its underperformance compared to other digital currencies, could contribute to the price remaining volatile before potentially reaching the targeted level of one dollar.
Ripple CEO Announces Launch of a Stablecoin
According to information from BTC-ECHO | Bitcoin & Blockchain since 2014, Ripple plans to enter the stablecoin business to strengthen its presence in the growing market of this specific type of digital asset.
Ripple's CEO, Brad Garlinghouse, sees great potential in the stablecoin market and emphasizes the need for a robust banking infrastructure and clearer regulatory guidelines in the United States for this initiative to be successful.
