Ripple Launches XRPL Foundation; XRP Hits $2?

Ripple, XRPL Labs, XRPL Commons, and XAO DAO established the non-profit XRPL Foundation. This group seeks long-term security, decentralization, and XRPL development. The company promotes community participation and allows developers to create dApps and financial solutions.

To promote XRPL use, help developers and advance blockchain technology. Maintaining network decentralization and transparency. A Board of Directors, including founding members Ripple and XRPL Labs and rotating community directors, will govern. A General assembly will allow community involvement democratically, enabling balanced decision-making.

We prioritize security, developer resources, strategic alliances, and regulatory lobbying. This collaborative strategy promotes XRPL ecosystem development, innovation, and resilience.

The news should boost Ripple's XRP pricing. A well-governed, transparent basis boosts investor confidence in XRPL's long-term stability and development. Additionally, community and developer interaction may provide new use cases, increasing adoption and XRP demand.

By the end of the month, analysts expect XRP token to reach $2. The XRP token price is $1.44 at press time, up 6.4% in 24 hours.

Next for XRP?

Investor interest may boost XRP's price in the near run. The XRPL foundation, Ripple's investment in Bitwise's XRP ETP and rebranding, and Archax's creation of the first tokenized money market fund on XRPL may attract investors.

The coin has risen more than 25% in the previous week, and given the XRPL ecosystem, the trend is certain to continue.

XRP's usefulness and value are likely to rise as XRPL's ecosystem develops and it solidifies its position as a crypto industry leader.

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