Crypto · News reference
XRP fell 4.6%, but bullish signals, ETF inflows and growing institutional XRPL adoption could drive a rebound toward $1.60.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
The Nasdaq 100 fell 1.5% at midday Friday as memory chips and AI-debt names sold off, while Fed Chair Warsh declined to rule out an October hike after hot CPI and PPI. WTI held near $96, the 10-year yield hovered around 5.1%, gold bounced toward $4,200 and bitcoin traded near $81,300.
Bitcoin struggles near $83,000 as analysts favor five altcoins tied to DeFi, tokenized stocks and AI infrastructure.
Raoul Pal calls Ethereum wildly undervalued, while backing Bitcoin, Solana, Sui and Zcash ahead of a liquidity shift.
XRP may drop to $1.22 before recovering, with bullish targets of $3–$4 or $9–$13; Bitcoin and Ethereum could see further selloffs first.
Three Ripple executives say XRP has legal and technical clarity as Evernorth puts 473 million XRP to work.
Ripple expands institutional adoption via DriveWealth’s RLUSD/XRPL settlement and payments, while Evernorth plans to deploy 473 million XRP treasury.