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 The XRP price rose 2% in the last 24 hours to trade at $0.58 as of 03:21 a.m. EST on trading volume that surged 50% to $2.2 billion.
 This comes after Ripple said it aims to launch a stablecoin pegged to the USD later this year to challenge the dominance of rivals USDT and USDC.&nbsp;
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 1/ The stablecoin market is booming – around $150B today, and projected to soar past $2.8T by 2028. There's a clear demand for trust, stability, and utility.
 That's why later this year we’re launching a stablecoin pegged 1:1 to the USD on the XRP Ledger and Ethereum.…
 — Ripple (@Ripple) April 4, 2024
 </blockquote>
 
 According to Ripple’s President, Monica Long, the decision to issue a stablecoin on the XRP ledger and Ethereum blockchain is based on the company’s aim to unlock new opportunities for institutional and DeFi use cases across different ecosystems.
 <h2 id="span-style-font-weight-400-xrp-price-set-for-a-breakout-above-the-consolidation-channel-span">XRP Price Set For A Breakout Above The Consolidation Channel</h2>
 <figure id="attachment_501805" aria-describedby="caption-attachment-501805" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-501805" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201281%20555'%3E%3C/svg%3E" alt="XRP Price Chart Analysis Source: Tradingview.com" width="1281" height="555" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/04/05/7c814109eae24ef2ead95a2cdae0213c.webp 1281w, https://cdn.thebittimes.com/images/2024/04/05/7c814109eae24ef2ead95a2cdae0213c.webp 300w, https://cdn.thebittimes.com/images/2024/04/05/7c814109eae24ef2ead95a2cdae0213c.webp 1024w, https://cdn.thebittimes.com/images/2024/04/05/7c814109eae24ef2ead95a2cdae0213c.webp 768w" data-lazy-sizes="(max-width: 1281px) 100vw, 1281px" data-lazy-src="https://cdn.thebittimes.com/images/2024/04/05/7c814109eae24ef2ead95a2cdae0213c.webp">
 <noscript><img decoding="async" class="size-full wp-image-501805" src="https://cdn.thebittimes.com/images/2024/04/05/7c814109eae24ef2ead95a2cdae0213c.webp" alt="XRP Price Chart Analysis Source: Tradingview.com" width="1281" height="555" srcset="https://cdn.thebittimes.com/images/2024/04/05/7c814109eae24ef2ead95a2cdae0213c.webp 1281w, https://cdn.thebittimes.com/images/2024/04/05/7c814109eae24ef2ead95a2cdae0213c.webp 300w, https://cdn.thebittimes.com/images/2024/04/05/7c814109eae24ef2ead95a2cdae0213c.webp 1024w, https://cdn.thebittimes.com/images/2024/04/05/7c814109eae24ef2ead95a2cdae0213c.webp 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 </noscript>
 <figcaption id="caption-attachment-501805" class="wp-caption-text">
 XRPUSD Chart Analysis Source: Tradingview.com
 </figcaption>
 </figure>
 Since December 2023, the price of XRP has been in a consolidation phase, fluctuating within the $0.65 and $0.5 ranges. However, in March, propelled by a surge in the crypto market, XRP experienced a markup phase, briefly surpassing $0.7 before retracing back to $0.55.
 From mid-March onward, a noticeable struggle has unfolded between bullish and bearish sentiments, particularly evident in XRP’s endeavors to break out above the consolidation channel.
 Nevertheless, XRP continues to trade below both the 50-day and 200-day SMA, aligning with the recent downtrend from the $0.75 resistance level.
 The Relative Strength Index (RSI) is also dropping from the 50-midline level at 46, which shows that the price may still be in equilibrium. If the bulls exert pressure at this level, the price may soar above the consolidation zone.
 <h2 id="span-style-font-weight-400-xrp-price-prediction-span">XRP Price Prediction</h2>
 The XRP price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> shows that XRP is currently in equilibrium, with the bulls aiming to drive the price through a breakout. Suppose the bulls stage a breakout at this level. XRP could soar, with the bulls aiming at reclaiming the resistance level at $0.75.
 However, the 200-day SMA crosses above the 50-day SMA, which forms a death cross at $0.62. A death cross often indicates that the asset may undergo a bearish trend, which may be supported by the movement of the RSI toward the oversold region. In such a scenario, the price may undergo a retrace back to the support zone at $0.50.
 Meanwhile, buyers are also buying eTukTuk, an eco-friendly crypto that analysts say has the potential to soar 10X after launch.
 <h2 id="span-style-font-weight-400-best-eco-friendly-crypto-to-invest-in-get-10x-gains-span">Best Eco-Friendly Crypto To Invest In, Get 10X Gains</h2>
 eTukTuk (TUK) is a cryptocurrency that aims to revolutionize transportation’s future by adopting environmentally friendly practices and to develop sustainable transport solutions while addressing global economic disparities.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 1/ As our world races ahead, personal vehicles surge, bringing environmental challenges. But there's hope! 🚗❌
 Today, we explore cities championing eco-friendly public transport.
 Buckle up! 🌿 pic.twitter.com/joRizVjYRh
 — eTukTuk (@eTukTukio) February 7, 2024
 </blockquote>
 
 The token continues to make significant strides towards its goals, with its presale amassing over $2.8 million as it hurtles towards its target of $2.9 million in its current stage.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 We've hit a major milestone, raising $2M in our pre-sale!
 Thanks to our incredible community for your support.
 Rest assured, these funds will fuel our mission for a sustainable future 🚀https://t.co/4kiTWB8U8Z
 — eTukTuk (@eTukTukio) March 20, 2024
 </blockquote>
 
 <h2 id="span-style-font-weight-400-buy-and-stake-tuk-for-97-annual-rewards-span">Buy And Stake $TUK For 97% Annual Rewards</h2>
 eTukTuk allows investors to earn passively by buying and staking $TUK tokens for a 97% annual percentage yield (APY).
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Introducing Buy and Stake mechanism, get $TUK tokens and instantly stake them, initiating a dynamic APY.
 Early stakers enjoy higher returns as APY adjusts with participation, encouraging early adoption and a fair, enticing incentive structure for all. 💫 pic.twitter.com/pMrXEZzB3f
 — eTukTuk (@eTukTukio) October 10, 2023
 </blockquote>
 
 You can also earn through their play-to-earn (P2E) game, Crazy Taxi, that is set to launch soon, where you can $TUK tokens by ferrying passengers to different locations on the busy streets of Sri Lanka.
 According to Jacob Bury, a crypto analyst and YouTuber, eTukTuk could soar 10X after launch.
 
 <div class="rll-youtube-player" data-src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/mZAqetFzMh4" data-id="mZAqetFzMh4" data-query="feature=oembed" data-alt="New 10X Potential Green AI Crypto?! - eTukTuk Transport Crypto"></div>
 <noscript><iframe title="New 10X Potential Green AI Crypto?! - eTukTuk Transport Crypto" width="640" height="360" src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/mZAqetFzMh4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
 </noscript>
 
 You can participate in the presale by purchasing $TUK at $0.0295 per token before the price increases in less than six days.
 You can buy $TUK tokens today by visiting the official eTukTuk website here. Swap BNB or USDT for $TUK tokens or buy directly using your bank card.
 <h2 id="span-style-font-weight-400-related-news-span">Related News</h2>
 <ul>
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 <li style="font-weight: 400;">Best Crypto to Buy Now (2024): Top Picks for Explosive Growth! 🚀💸</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/xrp-price-prediction-xrp-climbs-2-as-ripple-plans-usd-stablecoin-and-traders-turn-to-this-green-transport-ico-for-10x-potential-tbt84570.html">https://thebittimes.com/xrp-price-prediction-xrp-climbs-2-as-ripple-plans-usd-stablecoin-and-traders-turn-to-this-green-transport-ico-for-10x-potential-tbt84570.html</a>
</div>

XRP Price Prediction: XRP Climbs 2% As Ripple Plans USD Stablecoin And Traders Turn To This Green Transport ICO For 10X Potential

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