The article discusses the struggles of Ripple-backed cryptocurrency XRP to rally towards $1 despite regulatory clarity. The recent XRP correction has caused a significant decrease in its price and daily traded volume. However, experts believe that the mainstream adoption of Ripple payment products and XRPL will eventually contribute to the growth of XRP. The ongoing price correction may push XRP towards a support zone between 53 and 58 cents. The article also mentions the potential acceleration of the use of XRP in cross-border payments and the private chain of XRPL for stablecoin issuance and burning.
AI Sentiment: Negative
