Prediction: This Will Be the Cryptocurrency XRP's Price by Late 2027 (Hint: It's a Big Move)
Ripple just launched a major new banking product -- and XRP is barely part of the story.
Overview
On July 23, Ripple announced an important new product, Ripple Mint. It's a platform that lets banks and trading firms create and cash in RLUSD, the company's dollar-backed digital token. And it's a serious piece of plumbing for the company behind XRP (CRYPTO: XRP) -- it also has very little to do with XRP.
This is part of a pattern that's becoming hard to ignore: Ripple is continuing to expand its reach in global finance, but primarily through RLUSD -- not XRP. And that means the token's price continues to fall.
Details
I think this will continue, and my call is roughly $0.60 by late 2027. Let me explain.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.