Ripple price forecast: XRP decline accelerates amid cooling open interest and Brazil’s VERT structured credit launch

XRP has experienced a drop from its record high of 3.66 USD, trading at approximately 3.29 USD. A decline in futures Open Interest and Relative Strength Index indicates bearish sentiment in the short-term outlook for XRP as profit-taking occurs.

Brazil’s VERT has introduced a blockchain-based credit management platform on the XRP Ledger, aiming for enhanced efficiency and accessibility in capital markets. This launch is expected to support tokenization of real-world assets and increase market transparency.

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