Remember this video by Raoul Pal? He said to avoid old coins like $XRP and $ADA. That’s only four months ago. And in all fairness, at that time, I thought the same. But how things can change. In my wildest dreams, I would not have expected $XRP, $ADA, or any other legacy coin to lead this bull run charge. But here we are. Ripple and $XRP stand out for a couple of reasons. There’s a long lawsuit with the SEC coming to an end, with Ripple winning it. Their $RLUSD stablecoin got approved by the difficult NYDFS. Furthermore, in South Korea, $XRP trading volume flipped Bitcoin’s. Ripple is also donating $5 million to Trump’s inauguration.
So, lots of things are happening on the Ripple and $XRP front. That leads me to believe that 2025 is going to be a massive year for Ripple and $XRP. It won’t surprise me if $XRP will lead the altcoin season in 2025.Â
On a completely different note. In yesterday’s video, I called three altcoins suggested by our Alpha team. Today, $MORPHO was up by 22% and Clearpool ($CPOOL) by 18%.
What Happened Recently With Ripple and $XRP?
So, let’s take a closer look at what has been happening recently with Ripple and its $XRP token. The biggest news is the end of the lawsuit with the SEC. Current chair Gensler has been targeting the crypto sector. However, he seemed to have a special place in his cold, dead heart for Ripple.
The SEC vs Ripple
The lawsuit dates to 2020. The SEC alleged that Ripple raised over $1.3 billion with $XRP. However, according to the SEC, $XRP was an unregistered security. So, after a long four years, this lawsuit is now coming to an end. The SEC must appeal, but current chair Gensler is stepping down come the 20th January 2025.Â
With a more crypto-friendly new chair on the horizon, Paul Atkins, it’s likely that the case will be closed. As a result, interest in Ripple and $XRP has skyrocketed. Many institutions in the banking sector put their trust in Ripple. They want to create an alternative to SWIFT. Ripple wants to be the answer.
BANK OF AMERICA, SANTANDER, UNICREDIT, STANDARD CHARTERED, WESTPAC, AND ROYAL BANK OF CANADA ALL JOINED RIPPLE TO CREATE AN ALTERNATIVE TO SWIFT pic.twitter.com/sFpu5Yi9uR
The next big move for Ripple was the approval of their $RLUSD stablecoin by the NYDFS. That’s the New York State Department of Financial Services. So, this is also a big deal. That’s because Ripple used to mint 20% of all USDC. That’s a lot of $USDC. However, now Ripple will mint their own stablecoin. It’s pegged 1:1 to the $USD.
JUST IN: #Ripple officially receives final approval from NYDFS for $RLUSD.
Up till 17th December, Ripple minted 66.2 million $RLUSD. That’s also the date it went live on global exchanges. These were $52.9 million on Ethereum and $13.3 million on their own XRPL. However, ever since, quite a few more million $RLUSD may have joined Ripple’s wallets. It shows that $RLUSD is very likely to become a serious, worldwide stablecoin player.Â
Ripple USD (RLUSD) is now live on global exchanges.
An enterprise-grade stablecoin built for everyone, $RLUSD combines fiat stability with blockchain efficiency:
Instant global payments, 24/7 Seamless on/off ramps Access value in real-world assets.… pic.twitter.com/lJ43GdoDGR
It’s also of interest to know that in Europe, all $USDT will be delisted. $USDT isn’t compliant with European laws. It’s quite possible that $RLUSD can take over some of that business.Â
$RLUSD Available in Singapore
Singapore’s Independent Reserve became the first exchange to list the stablecoin there. It could mean that $RLUSD can start playing an important role in the Asian markets. That’s an up-and-coming crypto market and hub for many projects.
Ripple’s $RLUSD Stablecoin Hits The Singaporean Market
Singapore’s Independent Reserve just dropped Ripple’s $RLUSD, becoming the first exchange in the city-state to list the stablecoin.
This launch could ramp up the game for fiat-backed assets in the region.
— Mario Nawfal’s Roundtable (@RoundtableSpace) December 24, 2024
Ripple Donates $5 Million to Trump’s Inaugural Fund
Where Kraken and Ondo Finance each donated $1 million, Ripple donated no less than $5 million. Many other American corporate companies also pledged money to this fund.Â
It’s a non-profit fund. However, it shows that many business leaders are looking for a favorable relationship with Trump. Most donations are to the tune of $1 million. So, Ripple adding $5 million does stand out. 14 Do I hear speculations of an $XRP ETF by any chance? Either way, folks, big things lie ahead for Ripple.
$XRP Price Predictions
With all this news about Ripple and $XRP, it’s no surprise that $XRP price speculation is rife. The current $XRP price is $2.24. Let’s see what some experts expect the price to be in 2025.
Crypto Bitlord starts with a modest $7 to $12 for January.
Raoul Pal, remember him from the beginning of this video? Well, he thinks that the $XRP chart looks really good. He expects $XRP to go up by a lot, without adding a price tag to it.
Andrew Griffiths sees a $24 price and has some good arguments for it.
#XRP XPRUSD new ath coming in 2025. Referencing the timeline from 2017 to predict the BTC outcome in 2025. If i was to assume everything will playout similar this time around in terms of relative price action we should see $24 XRP by summer of 2025. It really all depends on how… pic.twitter.com/kV5e5mFx8m
Armando Pantoja, a crypto investor since 2011, expects a price between $25 and $100.
XRP Consultant seems to be in the $XRP maxis camp. He expects a $100-$200 price.
And we said we thought it could hit at least $10. Twice. First time over a year ago, and then again just a week or two ago.
So, a price above $20 is likely. Many experts see this happening. So, 10x from here will give us a $24 $XRP. If it goes to $30, we’re looking at a 13x. Anything else beyond, you do the math. So, what’s your opinion about $XRP’s price in 2025?
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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BANK OF AMERICA, SANTANDER, UNICREDIT, STANDARD CHARTERED, WESTPAC, AND ROYAL BANK OF CANADA ALL JOINED RIPPLE TO CREATE AN ALTERNATIVE TO SWIFT pic.twitter.com/sFpu5Yi9uR
JUST IN:
#Ripple officially receives final approval from NYDFS for $RLUSD.
pic.twitter.com/cOpJdW2W9O
Instant global payments, 24/7
