XRP is currently trading between $1.06 and $1.10, while technical analysis based on Bollinger Bands forecasts prolonged sideways movement potentially lasting until August 2028. Between 2022 and 2024, the token spent 791 days in deep accumulation before reaching a peak of $3.55, and the current tightening of Bollinger Bands on higher timeframes suggests a repetition of this cycle. Ripple launched the Ripple Mint platform for the RLUSD stablecoin, which has a market capitalization of $1.5 billion, but banks adopting Ripple’s infrastructure do not need to purchase XRP itself for settlements. Weekly inflows into U.S. spot XRP ETFs remain symbolic, ranging from $2 million to $12 million, and Polymarket currently estimates the probability of the CLARITY Act passing this year at only 42%, creating an unfavorable context for a short-term bullish breakout.
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