XRP Faces Bearish Dip,Anticipates September Rebound
XRPダウン5月来新低，23%缩水 revelень voue face new readiness risks. But a brighter September outlook looms due to solid fundamentals.
Ripple’s USD stablecoin RLUSD recently hit $701 million, surpassing $700 million, signaling robust performance. This compares favorably with PayPal’s PYUSD, reaching $1.1 billion two years post-launch.
- RLUSD records daily transactions volume rise in recent months.
- XRP Ledger utility improved by RLUSD’s growth.
XRP’s futures also made significant strides. CME XRP futures strikingly reached $1 billion open interest in just three months – the quickest on record. Twitter confirmation by Nate Geraci underscores growing XRP ETF interest, notably spot ETFs.
Adding strength, the Teucrium 2X Long Daily XRP ETF (XXRP) witnessed asset growth each month, totaling $352 million. With SEC potential September approval of spot XRP ETFs, US investor enthusiasm is expected to soar.
Technically, XRP’s price pulled back from $3.6640 to $2.8325 over weeks but retained the 100-day EMA,suggesting bull control. A potential bullish pennant signifies an imminent upward burst. Eyes on $3.6640 for a possible 30% gain hint at more upside potential.
