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<ul>
 <li>Ripple’s ISDA membership boosts XRP’s position in the $1.2 quadrillion derivatives market.</li>
 <li>XRP supporters hope for a major surge, possibly hitting $100, thanks to the derivatives market.</li>
 <li>Technical signs suggest upward movement for XRP, with forecasts indicating a possible 32.72% surge.</li>
</ul>
Ripple’s recent <a href="https://membership.isda.org/member-showcase/ripple-labs-inc/" rel="noopener noreferrer nofollow">inclusion</a> in the International Swaps and Derivatives Association (ISDA) stands as a pivotal moment for the crypto sphere, particularly for XRP. This move positions XRP within the vast $1.2 quadrillion derivatives market, signaling potential shifts in the token’s trajectory.&nbsp;
Despite its current trading price of $0.595, significantly below its 2018 peak of $3.84, the XRP community anticipates a transformative surge, <a href="https://x.com/24hrscrypto1/status/1725711202511208802?s=20" rel="noopener noreferrer nofollow">eyeing</a> the possibility of XRP surpassing the elusive $100 mark. This optimism is rooted in the belief that participation in the derivatives market could serve as a catalyst for substantial price movement in the foreseeable future.
Even with anticipations sparked by the ISDA membership and predictions reaching as high as $100 or more, XRP’s immediate trading value continues to reflect a fraction of its historical high. Meanwhile, CoinCodex’s XRP <a href="https://coincodex.com/crypto/ripple/price-prediction/" rel="noopener noreferrer nofollow">price prediction</a> suggests a significant uptrend, with forecasts pointing to a 32.72% surge, potentially reaching $0.801780 by November 27, 2023. This optimistic projection aligns with current bullish sentiments and a prevailing Greed sentiment indicated by the Fear &amp; Greed Index standing at 62.
The analysis of technical indicators reveals a positive outlook, showcasing a bullish sentiment within the XRP market. With 16 out of the last 30 days marked as green days, representing 53% of positive trading sessions, the coin has demonstrated consistent upward movement. Moreover, the observed 7.71% price volatility over the past month showcases considerable market activity and potential opportunities for traders.
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 <li><a href="https://cryptonewsland.com/ripples-double-win-isda-entry-and-btc-license-in-crypto-savvy-el-salvador/" rel="noopener noreferrer nofollow">Ripple’s Double Win: ISDA Entry and BTC License in Crypto-Savvy El Salvador</a></li>
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The post <a href="https://cryptonewsland.com/ripples-isda-membership-catalyst-for-xrps-100-surge/" rel="noopener noreferrer nofollow">Ripple’s ISDA Membership: Catalyst for XRP’s $100 Surge?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Ripple’s ISDA Membership: Catalyst for XRP’s $100 Surge?

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