"Revolutionary Breakthrough! Ripple XRP Surpasses Tether, RLUSD Stablecoin Expected to Rise to $8 After Launch!"
XRP has recently successfully surpassed Tether (USDT), reclaiming the third position by market capitalization, only behind Bitcoin and Ethereum. The current market capitalization has reached $147 billion, exceeding USDT's $140.5 billion. This sudden surge coincides with the launch of Ripple's newly introduced stablecoin RLUSD, which greatly enhances market confidence, driving XRP's price up by 15% in just 24 hours.
On December 17, 2024, Ripple launched the stablecoin RLUSD, pegged to the US dollar at a 1:1 ratio, aimed at enhancing liquidity and boosting trust in institutional payments. This move not only solidifies XRP's position within the Ripple ecosystem but also propels RLUSD onto platforms such as Uphold, MoonPay, and Bitso, and is launched on the XRP Ledger and Ethereum blockchain, ensuring widespread accessibility. Analysts predict that RLUSD's market capitalization is expected to quickly surpass $1 billion.
Furthermore, Ripple also plans to launch an XRP Exchange-Traded Fund (ETF), a move that will further attract traditional investors. Although the ETF has not yet been approved, several asset management companies have already submitted applications.
More notably, the SEC may be facing a turning point in its lawsuit against Ripple. Gary Gensler announced he will resign as SEC Chair on January 20, 2025, and many believe that the arrival of new leadership could bring more favorable litigation outcomes for Ripple, potentially leading to a settlement or case dismissal.
Currently, XRP's short-term target is set between $5 and $8. Recent whale activities have been frequent, and market confidence is strong. Analysts believe that as long as XRP remains above $2.52, it is likely to break through $5.85 in the future, even reaching $8.76. Nevertheless, experts like Natalie Dormer and Impulsive Dom expect XRP to remain stable in the short term, with the potential to rise to $4 or $5 thereafter.
As Ripple continues to ramp up innovation, XRP's prospects are becoming increasingly bright. If you haven't joined this wave of crypto innovation, don't wait until the opportunity passes! Follow Mr. Qiu and let's embrace this market trend together!
