Ripple RLUSD Launch Ignites XRP Surge-What Next For Ripple $XRP?

Ripple RLUSD Launch: A Game Changer for XRP’s Market Trajectory?

Ripple's RLUSD Stablecoin Goes Live Today: Will XRP Price Hit New Highs?

Ripple, the third-largest crypto payments facilitator, is making waves in the crypto space with the launch of its much-anticipated RLUSD stablecoin. Scheduled to go live today, December 17, 2024, Ripple's RLUSD stablecoin has already received approval from the New York Department of Financial Services (NYDFS). 

Many experts and enthusiasts believe that the launch of RLUSD could act as a catalyst to drive XRP prices to new highs—potentially reaching $3 or more, as investor enthusiasm continues to build.

RLUSD Launch Details: What You Need to Know

Ripple’s RLUSD stablecoin, pegged 1:1 to the U.S. dollar, will be backed by cash, cash equivalents, and government bonds. To ensure full transparency and trust, the stablecoin will undergo third-party monthly audits to confirm its reserves and maintain its peg.

Key Highlights of RLUSD Launch:

• Launch Date: December 17, 2024

• Issuing Body: New York Trust Company Charter

• Networks: RLUSD will be launched on both Ethereum Blockchain and XRP Ledger

• Availability: RLUSD will debut on major exchanges like Uphold, MoonPay, CoinMENA, with trading to begin tomorrow. Other platforms like Bitstamp, Bitso, and Zero Hash will roll out RLUSD soon after.

How Will the RLUSD Launch Impact XRP Price?

XRP has been riding a bullish wave over the past month, increasing by 141.59%. At the time of writing, XRP is trading at $2.59, boasting a market capitalization of$148.25B, and a  trading volume of around $14.16B, a staggering 115.22% surge in 24 hours.

XRP Price Predictions 2025 :

• CrediBULL Crypto: Predicts XRP could trade above $5 in 2025 due to its bullish chart.

• DonAlt: Highlights a critical resistance level at $2.60. If broken, XRP could see a rally pushing its price beyond $5.

Several macro events are also contributing to XRP's momentum:

• Bitcoin’s recent ATH (All-Time High): $107,780.58

• Launch of XRP ETFs

• Speculations around Gary Gensler’s resignation in January 2025

With RLUSD adding more utility and demand to XRP, many experts are optimistic about its long-term price potential.

Whale Activity Signals XRP Surge

In anticipation of Ripple's RLUSD launch, XRP whales have been on a buying spree. Crypto expert Ali Martinez highlighted the spike in whale activity, with data showing over 830 million XRP accumulated since yesterday, signaling strong market interest and sparking discussions about XRP’s future performance. However, some investors may book profits following the recent surge in XRP’s value.

What’s Next for XRP?

The launch of RLUSD is just the beginning. As investors and institutions gear up for the stablecoin's integration, the excitement surrounding Ripple’s ecosystem is undeniable. The combination of growing whale activity, positive market sentiment, and major technological strides could push XRP prices to new highs.

With whales accumulating massive amounts of XRP and trading volumes soaring, all eyes are on Ripple as it takes a bold step forward.