Is the XRP at the threshold of a new Haussier rally?

If Bitcoin is the big winner of this cycle, the XRP is one of the rare altcoins that have benefited from this growth of the King of Crypto. The victory against the dry, its proximity to the banking sector were key elements for this return of investors. But far from stopping there, Ripple continues to make the XRP attractive, as much thanks to technological advances as by a reinforced establishment on the financial markets.

Ripple brings major improvements to the XRPL network

Like Ethereum, the XRPL network is one of the aging and constantly competed by younger projects. This is why it is necessary to strengthen its technology to make it more in line with user requirements. Ripple has therefore announced future important updates Regarding the programmability of the XRPL network. Indeed, for the moment the XRPL network is essentially a payment network and its ecosystem has few applications if compared to that of Ethereum or Solana. It is therefore necessary to facilitate the work of developers on the network.

In addition, a Lending application has been announced, which will strengthen the use of the new Stablecoin Rlusd. This centralized stablecoin set up by a subsidiary of Ripple complies with the regulations on stablecoins and must facilitate cross -border payments and be an alternative to banking solutions. However, Ripple also seeks to extend its use in decentralized finance. Even if for the moment this stablecoin is much less used than the USDT and the USDC, the links between Ripple and the banking sector could facilitate its development.

Finally, Ripple improves the interoperability of its network to get it out of its isolation. The Wormhole interoperability solution will connect to the XRPL network and its future Sidechain EVM. Thanks to this bridge, these networks will be able to access the liquidity of the most important blockchains.

Ripple invites himself into traditional finance

Since the 2017 Bull Run, XRP has been one of the safe values ​​of traders. Its capitalization is resistant in the long term, the project having succeeded in enduring a river trial against the dry, and its volatility remains important in the short term, two important ingredients for the chartists.

With the recent acquisition of the brokerage company Hidden Road for $ 1.25 billion, Ripple becomes the first Crypto company to have a multi-active brokerage company, which can only strengthen market interest.

XRP: an asset always as interesting for traders

The launch of standard XRP and microphone contracts on May 19 increased the volume of trading on this active. Since then, these contracts have indeed experienced $ 542.8 million in exchange volume. While Ripple's legal problems are moving away and rumors around a possible use of the XRPL network by central banks are intensifying, we can expect other rise in transaction volumes.

This diversified commitment, from ETF issuers to private traders, underlines the high demand for XRP term contracts.

CME

These requests on the term contracts show the wait around the imminent approval of the ETF XRP Spot following ETF Sport for the BTC and the ETH last year. After the launch of these ETF Spot, we can expect a new increase in this asset. The XRP has retested level 0.618 from Fibonacci to 2 dollars in recent days but an analysis of the price of the XRP with the theory of Elliott waves shows that an increase up to 5 dollars is quite possible during this cycle.

The XRP completes its third cycle with brilliance and despite a long trial triggered by the SEC, this cryptocurrency managed to keep strong links with the banking sector. Now that the legal obstacles are raised, Ripple accelerates the development of the network and its influence in the world of finance to prepare the new increase in the XRP.