- 6 signs indicating that XRP is poised for another significant price surge
- Ripple’s newly approved RLUSD stablecoin and strong technical indicators suggesting a bullish trend
- Favorable macro environment with Bitcoin’s cycle, potential policy changes under Trump administration, and Ripple’s robust business model
XRP has been making waves lately. Since November, XRP’s trajectory has been almost parabolic, with prices soaring from under $0.50 to over $2.70 by December 3. This intense momentum prompts the question: Will XRP prices eventually plateau and establish long-term support at a lower level, or will XRP continue its stellar ascendancy over the next 60 days?
The Ripple Factor: Is it Too Late to Invest in XRP?
The question of whether it’s too late to invest in XRP in 2024-2025 is one that many cryptocurrency investors have been pondering. RippleNet’s market adoption curve suggests that it still has a lot of room to grow compared to Bitcoin, which is already prevalent on Wall Street through a number of ETF products.
The Ripple Stablecoin: A Game Changer
In an exciting turn of events, the New York state financial regulator, the Department of Financial Services, approved a new Ripple stablecoin, RLUSD, last week. The launch of this new product led to a significant surge in XRP token prices on crypto exchanges.
XRP’s Technical Strength
Technical signals for Ripple were strong in mid-December. The price, having consolidated at the $1.90 level after a high above $2.70, fired back up to above $2.70 on December 17. This impressive price performance suggests that RippleNet tokens may have found their long-term support level for another upward trajectory in December.
The Business Model: Ripple’s Secret Weapon
Ripple’s business model and long-term future prospects as a payments business are not to be understated. Thanks to its robust SaaS product and capable team, RippleNet could potentially be the U.S’s secret weapon to maintain global financial hegemony.
The Ripple Ledger: A Promising Trend
The daily transaction volume on the XRP Ledger for decentralized finance may be cause for bullishness into January. Total payments from one account to another have nearly doubled in three months, suggesting a promising upward trend.
The Ripple SEC Lawsuit: A Positive Outcome
In the wake of the outgoing Biden administration’s aggressive stance on cryptocurrency, the incoming Trump administration is expected to be more supportive of cryptocurrencies like XRP. Ripple’s successful defense against the SEC in U.S court has provided a roadmap for other cryptocurrencies to navigate regulatory challenges.
The Macro Cycle’s Impact on XRP
The dollar is currently in an inflationary low-interest rate cycle, while Bitcoin is in its historical 12-18-month bullish price adjustment phase following a 50% supply cut every four years. This broad macro-cycle financial updraft has, in previous cycles, dramatically increased the daily market exchange rate for altcoins like XRP.
Conclusion
Given these factors, Ripple’s future looks promising. With strong market signals, a robust business model, positive regulatory developments, and an overall favourable macroeconomic environment, Ripple’s price could very well continue its upward trend. However, as with all investments, careful consideration and research are essential before making a decision.
