🚀💰 Here Are 3 Major Events on Horizon That Could Drive XRP Next Price Move 🚀💰

As of today, XRP briefly dipped below $2 and is struggling to recover, currently trading at $2.13 at the time of writing. This represents a massive 21% loss in its weekly price trend.

In light of this, XRP enthusiasts are turning their attention to three key factors that could reignite bullish momentum for XRP. These developments are expected to have a direct impact on the token’s price.

♦️Ripple’s RLUSD Stablecoin Set to Go Live

Ripple is preparing to launch its highly anticipated U.S. dollar-pegged stablecoin, RLUSD. This launch, which will follow regulatory approval from the New York Department of Financial Services (NYDFS), is expected to enhance Ripple’s offerings for institutional payments.

♦️XRP ETFs

XRP community members are speculating that major asset management firms like BlackRock may be preparing to file applications for XRP exchange-traded funds (ETFs). Meanwhile, four other asset managers have already submitted applications to the SEC for an XRP ETF.

These include prominent firms such as WisdomTree, 21Shares, and Bitwise. Notably, Canary Capital, an investment management firm, initiated the process for an XRP ETF filing in October, with others following suit.

♦️Ripple vs. SEC Settlement on the Horizon

The ongoing legal battle between Ripple and the SEC continues to hang over the XRP market. However, there is growing speculation that a settlement may be more likely after the swearing-in of President-elect Donald Trump in January.

A favorable resolution would eliminate perceived regulatory uncertainty around XRP and further solidify its classification as a non-security. Such a development could be a powerful catalyst for XRP’s price appreciation, especially with Gary Gensler no longer heading the SEC.

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