XRP’s price is showing signs of a potential rebound, forming a hammer candlestick pattern after a five-week decline. Ripple is preparing to launch permissioned DEX features, building on permissioned domains and leveraging Ripple USD (RLUSD) for settlements on the XRPL network. This move aims to integrate institutional DeFi with XRP at its core. Every transaction on the DEX will burn XRP, reducing its supply. Despite the broader crypto market crash, XRP ETFs saw inflows this week. Technical analysis suggests a possible rebound towards $2.0 if the hammer pattern holds, though a drop below $1.1210 could invalidate this outlook.
XRP price forms hammer candle ahead of permissioned DEX launch
