🚀 Ripple's XRP has bounced back after hitting a low of $0.5078 on Oct. 3, now trading at $0.5500 with a market cap of $31.2 billion, ranking it as the 7th largest cryptocurrency. Despite this recovery, XRP has underperformed, falling 6.3% this year, while Bitcoin surged 54.4% and Pepe skyrocketed nearly 800%! 📉

Ripple's new US dollar stablecoin, RLUSD, aims to compete with Tether, Circle, and PayPal, initially available on platforms like Uphold, Bitstamp, and MoonPay. However, the stablecoin market is tough, with Tether holding $120 billion in assets.

XRP Ledger is seeing a spike in active wallets, hitting 35,799 unique wallets in a day, the highest in over 3 months! Yet, the total value locked has stagnated at $14.6 million.

XRP's price chart shows bearish signs, including a bearish flag pattern and a double-top formation. A bearish breakout could see XRP drop to $0.5021, 8.50% below current levels.

What are your thoughts on Ripple's future? Comment below! 💬