You must have heard about Coin Bureau if you are in crypto for at least a while. The biggest YouTube crypto channel just released a viral video about the latest updates around XRP and Ripple. The video quickly made rounds across the community, and for good reason – it lays out some of the most significant developments Ripple has seen in months.
In the video, host Nick gives a deep dive into what’s really happening behind the scenes of XRP. While the XRP price has stayed strong since its rally in late 2023, it looks like another breakout might be near. And not just any breakout – this one could send XRP close to $5, a price level many have been waiting for. With momentum building and market watchers buzzing, it’s a moment filled with anticipation.
One of the key updates is around the SEC lawsuit. Even though the SEC dropped its appeal, the judge didn’t accept the proposed $50 million settlement, calling it procedurally improper. That means technically, the case isn’t over yet. But this unresolved legal issue hasn’t stopped XRP from moving forward. The market seems to have shrugged it off, perhaps signaling confidence in Ripple’s long-term positioning.
Ripple’s biggest technical move lately is the development of the XRPL EVM sidechain. This is a game-changer because it allows XRP to interact with Ethereum-style smart contracts. The testnet is already live, and nearly 100 crypto projects are building on it. Major wallets like MetaMask are already supporting it. If it launches as expected around the ETHCC event in Paris at the end of June, it could unlock massive DeFi possibilities for XRP. This would be the first time XRP can participate in that space at scale.
At the same time, Ripple’s stablecoin RLUSD is gaining traction. It’s now integrated into Aave, the biggest DeFi lending platform, and is likely to be used with XRP as collateral. Ripple even acquired a prime broker, Hidden Road, to push this further. Analysts see this as setting the stage for XRP to become more useful in the crypto economy. If RLUSD adoption continues, it could even reduce Ripple’s reliance on selling XRP to fund operations.
And let’s talk ETFs. XRP futures launched on both Coinbase and CME recently. This dramatically increases the chance of an XRP spot ETF being approved by the SEC in 2025. Bloomberg analysts give it an 85% chance. The final decision is expected by October. The launch of futures also means institutions now have a more secure way to gain exposure to XRP without holding it directly.
As for the price forecast, Nick points to some pretty clear technical patterns. XRP is close to breaking above its weekly Bollinger Band average, a bullish signal. On the monthly chart, the price looks eerily similar to its pre-rally move in early 2021. If XRP hits a $300 billion market cap, that could mean a $5 price. Some whales might even push it to $6 or $7 temporarily to trigger FOMO. This kind of strategic market behavior is something we’ve seen before in crypto.
However, there are challenges. Bugs are still being found in the XRP ledger. There are more holders than actual users, and a lot of speculation is driving the market. Also, if stablecoin regulations in the U.S. favor big banks, Ripple’s RLUSD might struggle to compete. This could force Ripple to sell more XRP, increasing supply. It’s a double-edged sword: growth creates opportunity but also exposes weaknesses.
Still, the future looks exciting. Ripple has hinted at more acquisitions and is even considering an IPO to avoid having to sell XRP. With whales borrowing against XRP instead of selling, the supply pressure could ease. If all these pieces fall into place, XRP hitting $5 may not be that far-fetched.
Read also: Stellar vs Ripple Heats Up: Expert Says XRP Is ‘All Hype’ – But the Numbers Push Back
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