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GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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The XRP price fell below the lower trendline of the "descending wedge" formation on Monday and approached the weekly support at $1.30 on Tuesday.
On Wednesday, XRP rebounded by over 6%, and at the time of writing, it is trading around $1.40.
Bullish Scenario: If the lower trendline continues to act as support, the recovery could extend to the psychological level of $1.50.
Downside Risk: If it cannot hold above the trendline, the price could fall back to $1.30 and, if broken, could retreat to the February 6 low of $1.11.#DeepCreationCamp