XRP Price Prediction 2025

The New York Department of Financial Services (NYDFS) is reportedly close to approving a new stablecoin issued by Ripple, known as RLUSD, according to FOX Business. Ripple is preparing for a possible launch on Dec. 4, pending approval.Ripple’s XRP surged 20% during the Thanksgiving weekend, building on a 200% rise since October and solidifying its position as the fifth-largest cryptocurrency by market capitalization at $108 billion.If granted, Ripple will be authorized to offer RLUSD to the public, marking a significant step into New York’s regulated digital finance market and strengthening its position within the stablecoin ecosystem. RLUSD will provide a U.S.-regulated alternative to Tether’s $130 billion USDT, which dominates the stablecoin market.Ripple’s business revolves around RippleNet, its blockchain-based global payments network, which offers faster and more cost-effective cross-border payment solutions compared to SWIFT.
Related

Sat, 11/30/2024 – 14:30

Ripple’s RLUSD Stablecoin May Cross Final Hurdle With NYDFS Soon
Godfrey Benjamin

XRP facilitates these transactions but remains entangled in a legal battle with the SEC, which alleges XRP is an unregistered security. With the case now in the appeals process, some speculate it could be dropped in 2025, potentially creating a clearer path forward for XRP.Ripple’s move comes amid increased competition, with companies like PayPal also developing stablecoins to capitalize on this lucrative sector.In this regard, XRP’s price resurgence marks a significant turnaround after years of underperformance due to its legal battle with the U.S. SEC. Ripple’s potential entry into the stablecoin market could further bolster its growth, signaling heightened confidence in its future prospects.The U.S. Court of Appeals for the Second Circuit has directed the SEC to file its last arguments by Jan. 15, after which the court will assess motions to either dismiss or proceed with portions of the case.The SEC filed suit against Ripple in December 2020, alleging that Ripple’s sale of XRP constituted an unregistered securities offering. Ripple, however, contends that XRP should be classified as a digital currency, not a security.This classification is crucial, as a ruling against Ripple could set a regulatory precedent for other cryptocurrencies, potentially reshaping the legal environment for the entire crypto sector.#XRPCommunity #SECGov v. #Ripple #XRP The @SECGov has requested that the deadline for filing its principal brief be January 15, 2025. pic.twitter.com/GP13onXwb5This deadline follows prolonged exchanges and disputes over XRP’s legal status and the SEC’s enforcement role in the crypto space. Ripple’s defense has argued that the SEC’s approach lacks clarity and that XRP doesn’t meet the standard definition of a security.In a recent Fox Business interview, former CFTC Chairman Chris Giancarlo predicted that the SEC might drop its case against Ripple. When asked by reporter Charles Gasparino about the possibility, Giancarlo stated, “I would bet they would.” This follows the SEC’s notice of appeal in the ongoing case, alongside Ripple’s cross-appeal.
Related

Sun, 12/01/2024 – 19:21

XRP Price Hits $2 in Epic Bullish Move
Dan Burgin

Optimism is growing in the crypto sector as current SEC Chair Gary Gensler prepares to step down in January. Many anticipate his successor will adopt a more favorable stance toward digital assets.Between 2012 and 2018, XRP underwent dramatic price changes. Initially valued at less than $0.01 in 2012, it saw minimal activity until Ripple Labs began forging partnerships with financial institutions between 2014 and 2016, though prices remained under $0.01.The 2017 cryptocurrency boom marked a turning point, with XRP surging from $0.006 to over $1.00 by December, driven by growing interest in Ripple’s technology and speculative trading. In January 2018, XRP hit its all-time high of $3.84 during peak market enthusiasm.However, the broader market crash that year saw XRP’s value plummet to $0.60 by February and stabilize around $0.30-$0.40 by year-end. This period underscored XRP’s growth and vulnerability to market trends and speculation.XRP experienced a significant price surge in 2021, but its momentum waned throughout 2022. By Nov. 30, 2024, XRP was trading at $1.94 per token.
Related

Sun, 11/24/2024 – 18:00

Bitcoin Price Prediction 2025
Dan Burgin

Unlike Ethereum, which consistently achieved new all-time highs, XRP lagged behind. Its price spikes occurred later than most other cryptocurrencies, peaking in early 2021 instead of late 2020.The delay was largely attributed to the U.S. SEC’s legal complaint against Ripple in November 2020, which caused XRP’s price to drop sharply from $0.70 to $0.20, creating uncertainty around the token’s future.XRPL is a decentralized public blockchain enabling quick transfers of XRP, fiat currencies and digital assets, open to all for development.Jed McCaleb, along with Arthur Britto and David Schwartz, established Ripple Labs in 2012 with the vision of creating XRP Ledger (XRPL).This initiative aimed to develop a robust ledger technology capable of supporting not only the native digital asset, XRP, but also serving as a global payment infrastructure.Ripple Labs aimed to tackle the inefficiencies and delays inherent in traditional financial systems by introducing a decentralized ledger capable of settling transactions in seconds.
Related

Sun, 11/24/2024 – 18:00

Bitcoin Price Prediction 2025
Dan Burgin

This represented a significant departure from Bitcoin’s proof-of-work model, as XRPL implemented a unique consensus mechanism known as the “XRP Ledger Consensus Protocol”.Ripple Labs introduced XRPL to address traditional financial system inefficiencies, utilizing the XRP Ledger Consensus Protocol instead of Bitcoin’s proof of work. This protocol ensures transaction order and validity without energy-intensive mining.The Ripple Protocol Consensus Algorithm (RPCA) underpins XRPL, determining valid transactions collaboratively among validators. Unlike Bitcoin’s PoW, RPCA is eco-friendly and fosters faster transaction confirmation.Validators, a subset of nodes, validate transactions to prevent fraud in XRP Ledger. Nodes maintain ledger copies, ensuring decentralization and network integrity. This structure enables secure, rapid transactions on XRPL.XRP Ledger (XRP) prioritizes scalability and rapid transaction settlement, capable of processing a significant volume of transactions per second. With its ability to finalize transactions within seconds, the ledger is well-suited for diverse applications requiring fast and efficient transaction execution.The potential resignation of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has sparked speculation about his successor, with Dan Gallagher, Robinhood’s chief legal officer, emerging as a top contender.Gensler’s tenure has been marked by a complex relationship with the cryptocurrency industry, balancing enforcement actions with pivotal approvals for crypto-based financial products.
Related

Mon, 11/11/2024 – 07:02

XRP and ADA ETF Filings Predicted by Top Analyst
Alex Dovbnya

Notably, under Gensler’s leadership, the SEC approved multiple Bitcoin ETFs, a decision that hinged on his deciding vote. Commissioners Jaime Lizárraga and Caroline Crenshaw opposed the approvals, while Gensler sided with Mark Uyeda and Hester Peirce, two Republican commissioners.This bipartisan alignment was a significant move in the crypto regulatory landscape. In another unexpected decision, Gensler approved spot Ethereum ETFs, which began trading in July 2023.Looking ahead, the SEC faces additional crypto ETF proposals. VanEck filed for a Solana ETF in July, marking a first for the asset, while other issuers are seeking approval for a spot XRP ETF.On Nov. 16, the XRP price reached $1 for the first time since 2021. In addition, the market cap has surged 26.76% to $57.98 billion, while the trading volume has reached $13.13 billion.CryptoQuant has recently highlighted a major spike in XRP open interest. According to the data, XRP OP has reached ATH.Open interest (OI) measures the total number of outstanding futures or options contracts, reflecting money invested in derivatives. In crypto markets, rising OI indicates increasing market activity and can signal bullish sentiment if prices rise, while falling OI may suggest bearish sentiment or declining interest. cardAccording to CryptoQuant, XRP’s Open Interest (OI) has surged to historic highs, reflecting growing confidence in the token amid significant political and market developments. Key drivers of this increase include:XRP’s daily relative strength index (RSI) has remained above 70 throughout November, suggesting its current uptrend might be overextended. Historically, XRP tends to undergo sharp corrections after hitting overbought RSI levels.If historical fractals hold, XRP could aim to retest its 2018 peak of $3.41, with a longer-term projection targeting the 4.236 Fibonacci level around $13.93. Fundamentals further bolster the case for a sustained bull run, aligning with the technical outlook.g$XRP smashing through resistance and heading for the 0.786 Fib at $1.61.Next stop? $2-$2.10, the last time we saw that price was 4/21. After that? Easy path to $8 🚀📈 #XRP pic.twitter.com/a2zd5loOUkpic.twitter.com/1kuFxoWxM0