Old Bao is really a troublemaker
A statement from the Federal Reserve about not holding BTC
Caused the entire crypto market to collapse
As expected, every time he speaks, the crypto community pays the price
#鲍威尔新闻发布会

“Revolutionary breakthrough! Ripple XRP outperforms Tether, RLUSD stablecoin expected to rise to $8 after launch!”
XRP recently successfully surpassed Tether (USDT) to reclaim the third position in 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 new stablecoin RLUSD, significantly boosting market confidence and driving XRP's price up by 15% in just 24 hours.
On December 17, 2024, Ripple launched the RLUSD stablecoin, pegged 1:1 to the US dollar, aimed at enhancing liquidity and increasing trust in institutional payments. This move not only solidifies XRP's standing in the Ripple ecosystem but also brings RLUSD to platforms like Uphold, MoonPay, and Bitso, and is available on both the XRP Ledger and Ethereum blockchain, ensuring broad accessibility. Analysts expect RLUSD's market capitalization to quickly surpass $1 billion.
Additionally, Ripple plans to launch an XRP exchange-traded fund (ETF), which will further attract traditional investors. Although the ETF has not yet been approved, several asset management companies have already submitted applications.
Notably, the SEC may see a turning point in its lawsuit against Ripple. Gary Gensler announced he will resign as SEC Chairman on January 20, 2025, and many believe that the arrival of new leadership could bring more favorable outcomes for Ripple, potentially leading to a settlement or dismissal of the case.
Currently, XRP's short-term target is set between $5 and $8. Recent whale activity has 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, possibly even reaching $8.76. Nevertheless, experts like Natalie Dormer and Impulsive Dom predict that XRP will remain stable in the short term, with the potential to rise to $4 or $5 afterward.
As Ripple continues to innovate, XRP's prospects are becoming increasingly bright. If you haven't joined this wave of crypto innovation, don't wait until the opportunity is missed! #SixUncle#XRPUSDT #LRUSD

#币安Alpha项目公布 Binance Alpha's first 5 projects have been announced, namely KOMA, Cheems, APX, ai16z, and AIXBT. The second batch of 5 projects for Binance Alpha will be announced on December 18 at 20:00 UTC+8, consisting of 3 projects on Ethereum, 1 project on BNB Chain, and 1 project on Solana.