Market analyst EGRAG CRYPTO forecasts a potential dip in XRP to $2.65, viewing it as a healthy correction that could benefit long-term gains. The analyst estimates a 70% likelihood of this controlled price decline, which would help consolidate the market and establish support levels before the next bullish phase.
In parallel, mXRP, the liquid staking derivative of XRP, has experienced a significant increase in total value locked (TVL), reaching $26.46 million within six days. This surge indicates rising demand for liquid staking solutions on the XRP Ledger, as it offers up to 10% APY without locking liquidity, appealing to both retail and institutional investors. The growth of mXRP underscores the expanding role of the XRP Ledger in the DeFi space.
XRP Analyst Predicts $2.65 Correction Amid mXRP TVL Surge
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