Ripple's recent advertising campaign, which unexpectedly featured Cardano's logo, has sparked speculations about a possible partnership. This event also raises questions about its impact on the price of the XRP token.
Ripple and its Tokenization Campaign
The Ripple campaign positions the company as a key player in the real-world asset (RWA) tokenization space, a market projected to reach $18 trillion by 2030.
XRP Price Analysis and Support Levels
The price of XRP is at a critical level, testing support below $1.90. CasiTrades' Elliott Wave analysis shows that the token is completing a Wave 2 correction within the golden pocket. Support at $1.55 becomes crucial for further growth. The current price range oscillates between $1.55 and $1.45, aligning with the ideal correction zone before a Wave 3 impulse.
Long-term and Short-term Projections for XRP
CasiTrades' forecasts indicate possible targets for Wave 3 ranging from $8.43 to $13.40. However, analyst Ali Martinez noted a classic head-and-shoulders pattern, suggesting a potential drop to $1.30. The long-term bullish outlook remains valid as long as XRP does not fall below $1.40.
The appearance of the Cardano logo in Ripple's advertisement has led to discussions about a potential collaboration that may influence XRP's price movements in the future. Currently, all attention focuses on the support around $1.55 and the potential for a new bullish trend formation.
