Key takeaways:
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XRP price dropped 8.75% on Friday despite Ripple’s $1 billion acquisition plans.
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A drop toward the $2 support level is possible in the coming days, as bulls pin their hopes on a rebound.
Ripple is reportedly planning to raise $1 billion to purchase XRP (XRP) for its own digital asset treasury. This move could make it the world’s largest corporate holder of this top-five cryptocurrency.
However, XRP bulls largely ignored the news on Friday, with the price falling 8.75% after…
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