XRP Catches Attention as THORChain Integration Nears

XRP has once again caught attention, this time due to its upcoming integration with THORChain. The decentralized liquidity protocol announced that XRP scanning

XRP has once again come into the limelight, this time with the upcoming integration on decentralized liquidity protocol THORChain.

As announced by the protocol, XRP scanning is expected to go live next week, following the network's return to churning. After that, the creation of vaults and the bootstrapping of pools will commence, rendering XRP fully tradable across THORChain's cross-chain ecosystem.

This update holds significant implications for XRP's utility. Notably, THORChain facilitates the direct trading of cryptocurrencies across different blockchains without the involvement of large centralized exchanges.

The addition of XRP to this system introduces new avenues of utilization, especially within decentralized finance, enabling users to engage in token swaps and yield farming.

In essence, traders will be able to swap XRP for BTC, ETH, and other assets directly on-chain, while liquidity providers can earn yield by adding XRP to pools.

The market has already begun to respond accordingly. XRP experienced an approximate 3% rise over the past 24 hours following the announcement, pushing its price close to $2.42.

With momentum building, analysts are monitoring $3 as the subsequent key resistance level.

If the buying pressure persists, supported by the broader market recovery and altseason momentum, XRP could continue its ascent toward the $4 mark.

However, this scenario assumes a continuation of bullish trends. In the event that the market cools off or the bears regain control, XRP might retest its lower support in the vicinity of $2.

The charts still indicate some hesitancy, and the price may experience up-and-down movements until THORChain completes the activation of XRP vaults and pools.

This behavior is to be expected, as the market typically approaches major rollouts with caution.

The integration with THORChain is expected to add actual value to XRP by providing the token with new use cases for swapping, earning yield, and moving across chains without the need for intermediaries.

With enhanced liquidity and real-world applications, XRP appears to be positioned favorably. If the overall market maintains its strength and this altcoin season gathers momentum, a move toward $4 seems plausible in the upcoming weeks.