*XRP Price Predictions Soar as Ripple’s RLUSD Stablecoin Launch Nears*
*Key Levels to Watch:*
- _Support Level:_ 0.5410 - As long as this level holds, the price movements above 0.5560 can cross the 0.6310 level and target the 0.7580 level
- _Resistance Level:_ 0.6310 - Breaking above this level could propel XRPUSDT to the 0.7580 level.
The XRP community is buzzing with a speculative theory that could send shockwaves through the crypto world.
Some enthusiasts are predicting that XRP could reach a jaw-dropping $1 million if one XRP drop equals the value of Ripple’s upcoming stablecoin, RLUSD.
This speculation started as a joke but has since gained momentum, sparking excitement among investors.
As XRP’s price hovers around $0.58, Crypto Tank’s theory remains a distant fantasy for now.
But he insists that once XRP reaches higher prices, possibly surpassing $1, the use of drops could become more practical in everyday transactions.
This bold prediction took flight after Vet, a well-known validator on the XRP Ledger (XRPL), humorously suggested that the launch of RLUSD, Ripple’s soon-to-be-released stablecoin, would be “big news” if it hit $1.
Since RLUSD is pegged to the U.S. dollar, it is expected to always maintain a $1 value.
Vet’s sarcastic comments poked fun at how some in the XRP community tend to label even ordinary developments as explosive.
Market Sentiment:
- Bullish: 65%
- Bearish: 35%
Recent Developments:
- XRP breaks above descending channel
- Increased buying pressure and volume
