The price of XRP has seen significant growth, increasing by 21% in the last seven days and 13% in the last 24 hours, reaching $2.69. This surge in price coincides with the launch of the Ripple USD (RLUSD) stablecoin on the XRP network. While Ripple Labs has emphasized that it is not the issuer of XRP, positive news for Ripple Labs tends to be seen as bullish for XRP. Analysts believe that XRP's growth has outpaced that of Bitcoin, and predict further growth if it clears the $2.60 resistance level, with some suggesting a target price of $4. The anticipation of a potential XRP exchange-traded fund (ETF), as well as the launch of RLUSD and positive media attention, are driving market demand for XRP. Analysts forecast that RLUSD will quickly enter the top 100 cryptocurrencies and contribute to Ripple's continued growth. Additionally, the burning of XRP as a gas fee for RLUSD transactions is expected to increase the scarcity of XRP and raise its price.



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