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XRP 'finally breaking out' with 12% rally after Ripple-BNY Mellon deal

The Cointelegraph β€‹

Cryptocoins News / The Cointelegraph β€‹ 11 Views

Bullish chart setups hint at more upside for XRP, with price targets near $2.87 and possibly $3.72 if momentum holds.

Key takeaways:

XRP price jumped around 12% after Ripple named BNY Mellon as custodian for its RLUSD stablecoin.

Traders are betting on increased XRP utility as RLUSD adoption potentially shifts from Ethereum to XRPL.

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