XRP Price Prediction Amid RLUSD Stablecoin and ETF Tailwinds
XRP's price remains volatile as it dropped to $1.3905 on September 10, following a sharp decline from its high of $1.6975 earlier this month.
Despite this decline, XRP ETF inflows continue to soar, with over $12.9 million flowing into the funds on Wednesday, including Bitwise's XRP and Grayscale's GXRP, which have had cumulative inflows of over $1.7 billion.
The Ripple USD (RLUSD) stablecoin has also seen significant growth, with assets reaching over $2.4 billion, and a 30% increase in its 30-day transfer volume to $5.45 billion.
According to technical analysis, XRP is forming a bullish flag pattern, indicating a potential strong breakout to the key resistance level of $1.5484, which is about 15% above the current price.