2024-12-17 11:30 |
One of the big news yesterday was Bitcoin reaching a new all-time high of over $107,000. Equally significant was Ripple’s announcement of launching their stablecoin RLUSD today.
Ripple Labs is prioritizing transparency with its new stablecoin by engaging an independent auditing firm to generate and publicly release monthly reports on RLUSD reserve assets. Since its initial announcement, the stablecoin has attracted significant attention in the cryptocurrency market.
The XRP price responded positively to this news, pumping around 6% and now trading above the $2.50 area.
However, the stablecoin market remains predominantly controlled by established players like Tether, with its $140 billion market cap, and USDC’s $42 billion market cap. It remains to be seen whether Ripple’s new stablecoin can complete with these stablecoin “giants”.
The wait is over: RLUSD launches globally tomorrow!https://t.co/mYcyyX6Vre
— Ripple (@Ripple) December 16, 2024 XRP Price Prediction: Insights from Market AnalystsYouTuber veteran Austin Hilton shared his perspective on XRP’s potential growth in 2025, outlining several key considerations for potential price appreciation:
To potentially see significant returns, Hilton highlighted several critical points. First, he suggests XRP would need to reach a market capitalization of $1.2 trillion, which would translate to a price of $22 per token – representing an 820% increase from current levels. While ambitious, he notes this isn’t impossible, citing previous instances of rapid growth in the cryptocurrency’s history.
The analysis also factors in Bitcoin’s projected trajectory, with expectations of the leading cryptocurrency reaching $225,000 to $250,000 by late 2025. Such a development could create a bullish environment for the entire crypto market, potentially supporting XRP’s growth.
Hilton points to historical precedent, referencing a previous 400% surge in XRP’s price within just 30 days. He predicts the most significant crypto bull run will likely peak around October-November 2025, driven by market momentum and investor enthusiasm.
Read also: Crypto Expert Calls This XRP Chart ‘Insanely Bullish’ – Here’s Why XRP Price Could Surge Soon
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
The post XRP Price Pumps Amid Ongoing Developments Around Ripple appeared first on CaptainAltcoin.
Similar to Notcoin - Blum - Airdrops In 2024
Ripple (XRP) на Currencies.ru
|
