The token traded at $1.2926 at 06:26 UTC on Thursday. Prices moved between $1.2848 and $1.3252 since the current session opened at 00:00 UTC. Over the previous five sessions, XRP traded within a range of $1.2568 to $1.3431. The broader twenty-session range extended from $1.2568 to $1.4231.
Ripple secured final regulatory clearance from the OCC to establish a national trust bank. This development may have driven the price higher during the prior session. Market participants remain unsure if this positive development will generate enough excitement to drive prices higher. Recent announcements from the fintech company emphasize the Ripple USD stablecoin rather than the XRP token.
Bitcoin stood at $79,940, down 1.63% on the day. Net inflows to exchange-traded funds totaled $11 million this month, marking the second consecutive month of decline.
One forecaster predicts XRP could reach $4 by 2030, which would represent a new all-time high. Other forecasts suggest more modest growth to between $2 and $2.50 if the asset mirrors Bitcoin annualized rates.
The US Core PCE Price Index release is due at 12:30 UTC on Thursday. The US GDP Price Index and Unemployment Claims data are also scheduled for release at 12:30 UTC. The US Employment Cost Index report follows at 12:30 UTC on Friday.
Sources: Yahoo Finance quotes, ForTraders economic calendar.
