A video posted by KatochXcrypto discussed Ripple and how its upcoming stablecoin launch could help its price skyrocket soon.
The host mentioned that there are some bullish sentiment around Ripple after the SEC decided not to appeal the court ruling.
This development has provided a significant relief for Ripple, though the company still faces a $125 million penalty, a reduction from the original $2 billion demand. According to him, this legal win is a positive sign for Ripple, signaling potential growth ahead.
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Ripple’s Latest Developments: A New Stablecoin
It was disclosed by Ripple that its own stablecoin is being tested. This is a big step because Ripple intends to release this stablecoin on Ethereum as well as the Ripple Ledger.
Ripple users may find this to be a major trigger for price ascension because of the company’s intention to use XRP and Ripple USD (RLUSD) for cross-border payment services.
He mentioned that Ripple USD (RLUSD) is currently in the beta phase, undergoing rigorous testing by Ripple’s enterprise partners. This phase is crucial to ensuring that the stablecoin meets the high standards of security, efficiency, and reliability before it becomes widely available.
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The stablecoin market is already valued at $160 billion, which shows its growth and that there is more room for growth. The market is currently dominated by USDT and USDC, but research suggests it could grow by $2.8 trillion by 2025.
Technical Analysis and XRP Future Predictions
Shifting focus to Ripple’s charts, the analyst explored the potential for Ripple to take off in the next Bull Run.
Reflecting on recent developments, including the dismissal of the XRP case and the launch of Ripple’s stablecoin, he expressed a bullish outlook for Ripple in both the short and long term.
According to him, if the markets stabilize or Bitcoin crosses beyond $80K, Ripple could easily surpass its recent all-time high of $3.4 and potentially aim beyond $5.
The host speculated that if Donald Trump wins the US election and a bull run occurs in 2025, Ripple could “go to the moon” quickly, potentially reaching $1, $2, or even $3 with ease.
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