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Ripple Commits $25M to Boost Veteran and Small Business Opportunities
Ripple's XRP is maintaining its price above $3 amid concerns over US inflation and the Federal Reserve's upcoming rate decision. This stability is supported by Ripple's recent initiatives, including:
- A $25 million commitment in RLUSD, Ripple's stablecoin, to Accion Opportunity Fund and Hire Heroes USA.
- The donation aims to boost small business growth and veteran employment, with an estimated $1 billion economic impact.
- Collaboration expected to create 14,000 jobs for veterans and military spouses and a Fintech Pathways program contributing over $900 million annually.
- The donation follows similar contributions to DonorsChoose, enhancing community sentiment.
Technically, XRP consolidates around $3, with immediate support at $2.91. A sustained position above $3 could lead to testing resistance at $3.13 and potentially extending toward $3.20. Conversely, dropping below $2.91 might expose it to the next critical support at $2.69.
Additionally, risk-seeking investors are considering alternative tokens like Maxi Doge (MAXI), currently priced at $0.0002575, with over $2.2 million raised in presale, targeting those interested in high-risk, high-reward community-driven meme tokens.