Ripple launched the stablecoin RLUSD, a financial product pegged 1:1 to the US dollar, on December 17. This event could significantly impact the future of XRP. Leadership changes at the SEC are also underway as Gary Gensler, who has an anti-cryptocurrency stance, will be stepping down, making way for Paul Atkins, a supporter of regulations that promote innovation.
Another important factor is the potential resolution of the lawsuit between Ripple and the SEC. With significant legal victories and the leadership change, a positive outcome may occur.
Short-term XRP price forecasts range from $2.78 to $8.76, with further growth potential if the price reaches $10. 📈
Other factors to watch include altcoin season, partnerships with major banks, and the potential launch of an XRP ETF. 🚀