.png){kind=logo}
Ripple Labs and XRP are back on track and busy achieving feats that earmark their comeback. At least as XRP surged to $2.8 and more so after its market cap went past $150 billion, it has become the third largest cryptocurrency by market cap.
RLUSD stablecoin, the Ripple-exchange-traded fund (ETF) potential and Ripple’s IPO are adding to investor excitement and anticipation of bullish 2025.
The RLUSD Stablecoin which is issued by Ripple is close to being approved and launched.
RLUSD is expected to be released soon as Ripple’s overcollateralized, dollar-pegged stablecoin once the company gets approval from the New York Department of Financial Services (NYDFS). The approval is expected as early as December 4th and may greatly strengthen the role of Ripple in the United States market.
RLUSD is an indication that Ripple has ensured the stability and reliability of the digital money used in the global money transactions. Still under testing on the XRP Ledger and the Ethereum mainnet, the stablecoin is expected to reach more blockchains soon. Ripple has also been associated with many platforms such as Bitstamp and MoonPay to strengthen its market presence and regulatory compliance.
According to Keith Grossman, the MoonPay President, the compliance of RLUSD to regulatory norms will make the firm a revolutionary one in the stablecoin market. This increases confidence and the interaction within the industry.
Ripple’s rally has reignited interest in a potential XRP spot ETF, a move that could elevate the crypto to mainstream acceptance. Industry insiders, including pro-XRP attorney Jeremy Hogan, anticipate ETF approval as early as mid-2025.
Companies like Bitwise, Canary and 21Shares have already filed applications, eager to capitalize on the momentum.
In addition to ETF discussions, Ripple’s leadership is exploring the possibility of an IPO. Yoshitaka Kitao, CEO of SBI Holdings and a Ripple board member has championed the company’s potential to lead the global digital financial landscape. Kitao believes Ripple’s low transaction costs and scalability position it as a critical player in cross-border payments and digital asset adoption.
XRP’s journey from a post-SEC lawsuit low of $0.17 to its recent high price of $2.8 withort time frame is something so remarkable. XRP was historically the second largest crypto asset before being overtaken by Ethereum in 2018. Ripple’s legal battles with the SEC, which began in 2020, temporarily dented its growth.
However, recent victories in court have restored investor confidence. XRP’s ledger, celebrated for its unmatched settlement speed and efficiency, remains a cornerstone of Ripple’s cross-border payment solutions. John Deaton, a prominent crypto advocate emphasized that XRP is the preferred choice for businesses seeking efficient international transactions.
XRP surge to $2.8 has been backed up by sustained buyer interest and high trading volumes, which surged 93.29% in the last 24 hours before dropping slightly. Despite this bullish momentum, signs of a potential short-term correction are emerging.
First, we see there is an overbought weekly RSI of 92. A retracement would see it drop to the $2 support level before proceeding to climb toward $3.3.
The MACD chart reveals declining bullish momentum, suggesting cautious sentiment among large investors.
Whale Activity Decline: A reduction in whale participation reflects hesitancy, with whales accounting for just 53.99% of total stablecoin holdings.
While short term fluctuations may impact prices, XRP’s long-term trend remains promising, supported by Ripple’s innovation and expanding partnerships.
Ripple’s great, rich and potent strategy, from RLUSD launch to ETF discussions to IPO goals all signal and show its commitment to shaping the future of digital finance.
Here’s what you can watch out for in the near future:
Stablecoin Success: Its next approval could make Ripple stronger in the U.S., and generate interest for the implementation across the world if approved for RLUSD.
ETF Approval: Market growth could be boosted by institution investors that might be interested in a spot ETF for XRP.
IPO Launch: The effect of listing ripple would see the company act as a key player in promoting the image of IPO for other organizations within the new space of Cryptocurrencies.
Ripple Labs is already on course for this meaningful change, and XRP is back to being a leader in the crypto market. Rather than short-term corrections, these adaptations suggest that Ripple remains relevant as an institution in the shifting financial landscape of the future constituted by the approval of RLUSD, the potential for ETFs, and discussions of the IPO.
Watch as these unfold as XRP is gradually establishing itself as a leader in shaping the fintech revolution.
