Will Ripple token prices settle down to lower levels, or will XRP take off again in the next two months? Here are six telltale signs that might indicate an upcoming upward surge for XRP.
For those focused on long-term accumulation and strategizing their altcoin investments, a pertinent question looms: Is it still a good time to invest in XRP for 2024-2025? Many crypto enthusiasts are eyeing opportunities within the most significant coins by market cap to achieve their financial dreams.
When comparing RippleNet to Bitcoin, one essential insight emerges: Ripple may not have fully tapped into its total addressable market (TAM) yet. While Bitcoin has made significant inroads with various ETF products, XRP has not yet enjoyed the same level of mainstream adoption. Nonetheless, Ripple’s CEO Brad Garlinghouse believes an XRP ETF is a matter of time. Furthermore, Ripple has been exploring IPO options in markets outside the United States due to ongoing legal battles with the SEC.
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Additionally, SWIFT, the Belgium-based cooperative, is a crucial benchmark for understanding Ripple’s position. Processing about $5 trillion worth of cross-border payments daily, SWIFT’s scale underscores how Ripple is just beginning its journey. Currently, XRP transactions on the XRP Ledger average around $1.5 billion daily.
- XRP Stablecoin Gets Nod From NY Regulator
Recently, New York’s Department of Financial Services approved Ripple’s new stablecoin, RLUSD. This endorsement led to a remarkable spike in XRP’s market valuation, which jumped from $2.38 to over $2.47 almost instantly after the announcement. Following the product launch, XRP hit a multi-week high of over $2.7. - Ripple Token Technicals
In mid-December, technical indicators for Ripple were optimistic. Following a brief dip, XRP reclaimed its position above $2.70 on December 17, signaling strong support levels. Chief strategist Jeff Park of Bitwise characterized the recent fluctuations as a market needing a moment to breathe. Moving averages across various timeframes were signaling a Strong Buy, though a surge of large transactions to exchanges raised concerns about potential selling activity. - Strong Business Model, America’s ‘Secret’ Weapon?
Ripple’s promising future as a payment business is noteworthy. Analysts, including X Anderson, have argued that XRP serves as a potential strategic advantage for the U.S. in global finance. With a next-gen cross-border payment system and a significant hold on XRP, Ripple’s capabilities position it as a key player, particularly as it expands the use of the USD globally. - XRP Ledger Daily TXs Trending Up
Fundamental metrics indicate an upswing in activity on the XRP Ledger, with daily transactions nearly doubling from 0.73 million to 1.4 million within three months. The increase in payment volume mirrors rising interest, with unique daily senders surpassing 105K, signaling robust engagement within the ecosystem. - Trump Effect, Ripple SEC Lawsuit Dust Settles
With a new presidential administration potentially more crypto-friendly, sentiments are shifting. Ripple has made headway against the SEC, and Ripple CEO Brad Garlinghouse views these developments positively. The company’s active participation in defining its regulatory future is essential, along with its international partnerships and financial resources. - Dollar and Bitcoin Macro Cycles
At present, the dollar is in an inflationary period, while Bitcoin is gearing up for its historical bullish phase after its recent halving. According to an investor, the fundamentals for XRP remain solid, speculating that it could reach $5 by February 2025.
Amidst this backdrop, investors are evaluating Ripple’s trajectory closely. With the right indicators in place, the next few months could indeed be significant for XRP.
