The post Unilabs Finance (UNIL) Hits $2 Million Raised, Can It Be The Next XRP? appeared on BitcoinEthereumNews.com.

As the XRP price struggles with bearish pressure due to the legal battle between Ripple and the US SEC, traders are eagerly waiting for positive Ripple news. Meanwhile, the latest AI-backed ICO, Unilabs (UNIL), is making waves in the crypto market as “the next XRP” after surpassing the $2 million milestone within weeks. Analysts have compared it to Ripple’s historic rally in 2017, when the XRP price surged from $0.0062 to $0.4 reflecting a near 60x surge. Now, while closely monitoring Ripple news headlines, investors are also accumulating the $0.0051 UNIL token in the sidelines. Experts suggest with increasing investor demand, UNIL can undergo a similar surge and surpass the XRP price in the upcoming bull season. Can Bullish Ripple News Help The XRP Price Resume Rally? The XRP price has faced significant bearish sentiment recently due to the US court’s rejection of the SEC’s appeal to reduce the penalty from $125 million to $50 million. This pessimistic Ripple news marked the extension of the SEC lawsuit, signaling further delays in the result. Image Source: CoinMarketCap As a result, investors who were hoping for positive Ripple news to take XRP to new highs started to liquidate their positions. With increased selling pressure, the XRP price dropped below its 200-day SMA and reached the $2.12 support last week. It has been consolidating near this support for the past few days, and is currently trading at $2.14. If the price slips below the immediate support, then it could fuel additional downward pressure, potentially taking it to $1.78. However, the XRP price is rejecting a further decline, and uplifting Ripple news may spark renewed bullish momentum for continuation of the previous rally. Unilabs (UNIL) Gains Widespread Attention From XRP Holders While waiting for the XRP price to surge with positive Ripple news, investors…

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Filed under: News - @ June 3, 2025 5:29 pm