Ripple’s $1 billion buy-back plan fails to boost XRP price: Can it rebound?

Ripple intends to raise $1 billion to acquire XRP, aiming to become a significant holder of the digital asset.

XRP fell 8.75% post-announcement, continuing its decline and may test the $2 support level.

Charts indicate a possible rebound, targeting $3 short-term and $7.75 for long-term projections.