BCGAME - Free 5BTC Daily Bonus!- RLUSD Could Boost Ripple With Upcoming Launch
- XRP ETFs anticipated for 2025
- XRP Closes in on Breaking Significant Barriers
In the cryptocurrency scene, Ripple's XRP has been showing impressive performance, resuming its rise towards the $2 level. Last Saturday, November 30, 2024, Ripple's cryptocurrency tested the $1,95 mark, a feat not seen since 2021.
XRP is currently up 14% in the last 24 hours, trading at $1,89. Its recent growth includes a 25% increase in the last week and a whopping 263% in the last month.
XRP’s recent appreciation comes amid widespread market optimism, with Bitcoin also approaching the iconic $100 mark. This scenario is further reinforced by political developments, such as the election of Donald Trump, who promised to remove Gary Gensler from the leadership of the SEC, creating positive expectations that directly impact the crypto market.
When it comes to innovations, the Ripple project is in the spotlight with the upcoming introduction of its stablecoin, RLUSD. The launch is expected to happen soon, following approval from the New York Department of Financial Services (NYDFS), according to FOX Business’ Eleanor Terrett. This development represents a significant milestone for Ripple, boosting investor confidence.
Furthermore, the outlook for 2025 includes the expected introduction of XRP-based ETFs, following the success of Bitcoin and Ether spot ETFs. Ripple CEO Brad Garlinghouse expressed confidence that such exchange-traded funds will be approved by the SEC, characterizing this development as “inevitable.”
XRP Price Analysis Today
On the technical front, XRP is close to breaking above the $2 mark, with investors pushing the price in an upward rally that could see it test key resistance levels between $2,28 and $2,40 in the medium term. Breaking these levels could see the coin make another attempt at reaching $2,90, increasing the chances of surpassing its all-time high of $3,40, reached in 2018.
On the other hand, immediate support is situated around $1,70, with potential for a drop to $1,32 if markets pull back.
