XRP token's price is on a steady rise, showing a 4% increase over the last 24 hours. The current market cap of XRP stands above $83 billion.
XRP's Current Price Dynamics
XRP is moving upward from the low price level of $0.5 to above $1.4, driven by both the crypto-positive stance of former US President Donald Trump and Ripple's strategic partnerships.
Ripple's Strategic Partnerships
Ripple announced the launch of a tokenized money market fund on XRP Ledger in collaboration with ArchaX, providing access to a $3.8 billion US dollar Liquidity Fund, facilitating large-scale institutional adoption of RWA tokenization.
Future of XRP Price Movement
Despite a weekly growth of 30% and a monthly growth of 180%, XRP is still trading around $1.4, below its recent peak of $1.63. Continued profit-taking activity from holders may apply downward price pressure.
A crypto-friendly US government and increased investor sentiment could further enhance XRP's price movement. However, continued profit-taking activity might trigger selling pressure.
