XRP Price Prediction as Republic of Palau Works with Ripple to Launch National Stablecoin – XRP to the Moon?


Given the market slowdown, the XRP price prediction remains bearish as it struggles below the $0.3715 level. Despite occasional setbacks, like the bankruptcies and arrests of some of its previous major players, several governments are eager to join the crypto bandwagon and are considering the formation of national stablecoins.

Republic of Palau President Surangel S. Whipps Jr. informed Bloomberg’s Joanna Ossinger in September that the country’s IT staff was actively working with blockchain company Ripple Labs to explore the prospect of developing a “national stablecoin.”

As a result, it is exerting bearish pressure on XRP, causing its price to fall.

XRP Price Prediction

The XRP/USD pair is currently trading at $0.3560 with a small bearish bias. The XRP/USD has been struggling under the $0.3715 level, and candle closings below this level have triggered a bearish movement. XRP is currently trading sharply lower near the 0.3576 level. A break below the 0.3560 level may expose the XRP price to the next support level of 0.3445. 

XRP/USD Price Chart – Source: Tradingview

Leading technical indicators such as MCD and RSI are trading in a bearish zone, indicating that the market is currently in a strong selling trend. In addition, a bullish breakout of the 0.3715 level could expose a ripple toward the 0.3810 level.

Alternative Coins with Huge Potential

Cryptocurrencies have been trading sideways for weeks, enticing traders to seek out alternatives with better short-term prospects. Investors can get in early on the market’s biggest presales.

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Dash 2 Trade is another Ethereum-based platform that will provide real-time analytics and social trading data when it launches early next year. Trading signals, on-chain analytics, strategy-building tools, and newsfeeds will be among the first features, assisting both novice and experienced traders in staying on top of the volatile cryptocurrency market. 

The D2T token sale has raised over $11 million and is set to conclude in just 9 days, providing early investors with a rapidly closing window of opportunity. The altcoin will be listed on its first exchange on January 11, with LBANK Exchange, Changelly Pro, and Bitmart confirmed as the first trading platforms to support it.

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