The XRP price has increased by a remarkable 116.1% in the last 30 days, outperforming major rivals such as Bitcoin, Ethereum, Solana, and Dogecoin. This rapid growth could be further fueled by Ripple’s new projects, policy changes, and industry developments.
Ripple launched its RLUSD stablecoin on December 17. This significant step is seen as a major catalyst for the XRP price to rise. The launch has created a lot of excitement, especially among the XRP community. With the launch of RLUSD, Ripple aims to further increase its influence in the payment solutions space.
In addition to RLUSD, Donald Trump’s inauguration as the US President in 2025 could also have a positive impact on the cryptocurrency market. Trump’s crypto-friendly policies could pave the way for assets like XRP to increase in value. This development could present new opportunities for XRP investors.
Following Trump’s election victory, it was announced that SEC Chairman Gary Gensler would be stepping down. The appointment of crypto-friendly Paul Atkins to replace Gensler has raised hopes that more friendly regulatory policies will be implemented in the market. Ripple’s years-long legal battle with the SEC could be on the way to a resolution with the new SEC leadership. If a settlement is reached, a significant increase in the price of XRP is expected.
Bitcoin’s market dominance currently stands at 58.32%. Experts say that when Bitcoin’s dominance falls below 50%, the “Altcoin Season” may begin. During this period, XRP is expected to have more growth potential than other altcoins. Ripple is partnering with a number of financial institutions to promote XRP-based financial transactions. The announcement of these partnerships could significantly increase XRP’s market value.
In addition, XRP’s ETF applications are also drawing attention. At least four XRP ETF applications have been made so far. If these applications are approved before 2025, XRP could attract the attention of more institutional investors, which could have a positive impact on the market.