The post Analysts Predict 100% XRP Rally Amidst ETF and RLUSD Hype and JetBolt Takeover appeared on BitcoinEthereumNews.com.

Excitement is building around Ripple’s latest upwards price moves. This sparked analyst discussions on the potential for a 100% XRP price rally, driven by recent ETF filings and the launch of Ripple Labs’ native stablecoin, RLUSD. Mirroring the enthusiasm, a JetBolt takeover seems to be on the horizon as whales flock to its presale which has already sold over 41 million tokens. Let’s explore the 100% XRP price prediction fueled by ETF and RLUSD developments, and uncover the secrets behind JetBolt’s meteoric rise. XRP’s 100% Potential Amidst ETF and RLUSD Hype At the time of writing, XRP showcases a $28.6 billion market cap and trades at $0.504, reflecting an 8.1% dip over the last two weeks. However, in the last 24 hours, XRP’s price has shown signs of a 1.8% uptick. Riding the wave of the broader cryptocurrency market’s bullish trend, some crypto analysts have made the bold prediction that a 100% XRP rally is possible amidst ETF and RLUSD hype.  Other crypto enthusiasts believe that XRP trades far below its intrinsic value, suggesting that a price suppression campaign has kept the token undervalued over the years. Looking back at its impressive 2017 and 2018 bull run, XRP surged by a jaw-dropping 60,000% in just a year, and reached a high of $3.31. Adding to the excitement, market analysts from Valhil Capital suggest that XRP’s fair market value could be considerably higher than its current trading price, reinforcing the idea of undervaluation and generating hope among XRP investors for a future price surge. Meanwhile, Ripple Labs Inc. has launched the RLUSD stablecoin on the XRP Ledger, aiming for widespread adoption and growth across other networks, including plans to expand to Ethereum. Now in final testing, RLUSD includes minting, burning, and token transfer features to position itself competitively in the stablecoin…

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Filed under: News - @ November 6, 2024 2:24 am