Ripple Price Prediction: Analysts Expect XRP to Reach $11 While Whales Shift Their Attention To PlutoChain

XRP has been at the center of speculation with growing adoption and Ripple’s push for global expansion, even as regulatory challenges persist.

With innovations like the On-Demand Liquidity (ODL) product and the launch of the US dollar-pegged stablecoin RLUSD, XRP keeps proving its role in cross-border payments.

But can it reach $11 in the next few months?

Meanwhile, PlutoChain ($PLUTO) is emerging as a potential solution for Bitcoin’s speed and scalability issues. With its hybrid Layer-2 blockchain, it could expand Bitcoin’s case uses and ecosystem.

Let’s talk about the details.

Will XRP Hit $11? Breaking Down Ripple’s Path to a Major Breakout

At the time of writing, XRP is trading at approximately $3.08.

Over the past 24 hours, its trading volume has reached an impressive $4.8 billion.

With a market capitalization of around $165 billion, XRP remains one of the leading cryptocurrencies.

XRP’s price movements have been relatively stable recently, with a 24-hour low of $3.05 and a high of $3.23.

XRP is currently seeing strong market activity, with a 24-hour trading volume of $7.55 billion and a circulating supply of 57.56 billion tokens.

Its fully diluted valuation stands at an impressive $308 billion. At $3.13, XRP is just 10.6% below its all-time high of $3.40.

Key support levels are holding steady around $3.00, while resistance is positioned near $3.15 and $3.20.

With the RSI sitting at 50, XRP is in neutral territory.

The SEC’s recent appeal of the court ruling on XRP has added some uncertainty to the market, but Ripple isn’t slowing down.

The company is pushing forward with its global expansion, forging new partnerships, and focusing on its On-Demand Liquidity (ODL) product.

ODL is particularly popular in Asia and the Middle East, where it’s being used to streamline cross-border payments.

Even with the regulatory hurdles, XRP adoption is growing as more financial institutions and payment providers integrate it for faster, cheaper international transactions.

Ripple is also staying innovative with its recent launch of RLUSD, a stablecoin pegged to the US dollar, and its plans for an IPO.

On top of that, XRP’s increased listings on major crypto exchanges are boosting its accessibility and liquidity for investors.

When it comes to price predictions, CryptoBull is highly optimistic, forecasting XRP could hit $13 in the near term as part of a larger bull cycle that could push it above $20.

Meanwhile, STEPH IS CRYPTO offers a more cautious outlook, predicting XRP is nearing a major breakout with potential targets between $5 and $14.

PlutoChain ($PLUTO) Could Transform Bitcoin with Seamless Cross-Chain Compatibility, Advanced Security, and Community-Centric Governance

Bitcoin often faces hurdles like network congestion, slow transaction speeds, and high fees.

These issues stem from its original design, which supports only a limited number of transactions per second. During peak periods, backlogs grow, cause delays, and drive up costs for users.

PlutoChain ($PLUTO) introduces what could be a groundbreaking solution. Its hybrid Layer-2 technology could operate as a parallel network to Bitcoin’s main blockchain to ease congestion, reduce fees, and increase scalability.

One of Bitcoin’s core challenges lies in its 10-minute block time, which slows transaction processing. PlutoChain could address this by offering a block time of just 2 seconds, which would rival the speed of blockchains like Ethereum and Solana.

It could also unlock new potential for Bitcoin by adding smart contract capabilities and enabling it to evolve beyond a simple store of value.

With EVM compatibility, PlutoChain could allow developers to migrate Ethereum-based projects seamlessly to Bitcoin.

This could make way for decentralized finance (DeFi), non-fungible tokens (NFTs), and AI-driven applications to thrive within Bitcoin’s ecosystem.

During its testnet phase, PlutoChain handled 43,200 transactions daily, which showcases its ability to scale without delays or congestion.

The project values security, which is why it has undergone successful audits conducted by SolidProof, QuillAudits, and Assure DeFi.

PlutoChain’s governance is fully community-driven and empowers users to propose and vote on upgrades, partnerships, and features.

Final Words

XRP’s growing adoption, innovative solutions like ODL, and Ripple’s ambitious global expansion make it a strong player in the cross-border payment space, despite ongoing regulatory challenges.

Meanwhile, PlutoChain ($PLUTO) could lead to Bitcoin’s transformation by addressing its scalability issues and introducing game-changing capabilities like smart contracts.

It could position Bitcoin as faster, smarter, and more adaptable, making this project worth taking a closer look at.

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This article does not offer financial advice. Cryptocurrencies can be unpredictable and carry risks. It is important to conduct thorough research before acquiring any crypto asset. Forward-looking statements carry risks and are not guaranteed to be updated.

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.