3 Coming Events That Could Drive XRP Price Beyond All-Time High

XRP has faced significant challenges in recent weeks, including a sharp price decline. After briefly dropping below $2, XRP now trades at approximately $2.42, marking a steep 19.36% loss over the past week.

Despite this downturn, three major developments are poised to drive a rebound in the asset’s price, offering hope to investors and enthusiasts:

Ripple’s RLUSD Stablecoin Nears Launch: Ripple is preparing to introduce its much-anticipated U.S. dollar-pegged stablecoin, RLUSD. The stablecoin has secured final approval from the New York State Department of Financial Services (NYDFS), as confirmed by Ripple CEO, Brad Garlinghouse. While the exact launch date is yet to be announced, Ripple is expected to share further updates through its official communication channels soon.

RLUSD is designed to enhance Ripple’s ecosystem by facilitating institutional payments and cross-border transactions. By increasing the utility of the token within its network, the stablecoin’s deployment could potentially attract more institutional participation.

Analysts predict that this added utility may boost demand for XRP as a bridge currency, further integrating the token into Ripple’s payment infrastructure.

Growing Interest: The prospect of XRP-based exchange-traded funds (ETFs) is gaining momentum, with several asset management firms already filing applications with the U.S. Securities and Exchange Commission (SEC).

Notable firms such as WisdomTree, 21Shares, and Bitwise have joined the race, alongside Canary Capital, which initiated the process in October. Speculation is also growing that major players like BlackRock could follow suit.

Approval of an XRP ETF would provide institutional and retail investors with regulated access to the token, potentially driving significant capital inflows. Drawing parallels to the impact of Bitcoin ETFs, which have attracted billions of dollars in investments, an XRP ETF could substantially enhance market liquidity and encourage mainstream adoption.

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Legal Developments in Ripple vs. SEC Case: The ongoing legal battle between Ripple and the SEC influences the asset’s market performance. However, recent developments suggest a potential resolution may be near.

Observers speculate that a settlement could become more likely with the upcoming change in U.S. administration, particularly as SEC Chair Gary Gensler is expected to step down following the inauguration of President-elect Donald Trump.

A favorable settlement or resolution would likely remove regulatory uncertainty surrounding the asset, reinforcing its classification as a non-security. Such clarity could pave the way for increased investor confidence and institutional engagement, providing a strong foundation for price recovery.

While the asset has faced significant market challenges, these three developments—Ripple’s RLUSD stablecoin launch, the growing interest in XRP ETFs, and potential progress in its legal battle with the SEC—offer a path toward recovery and growth.

As the market anticipates these events, the coming months could be key for XRP’s trajectory, making it a focal point for investors and analysts.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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