As Ripple wins significant scores against the SEC, XRP, now the third largest cryptocurrency by market cap, has shown some astonishing gains in November.
Having passed the $1 mark and now trading at around $2 for the first time since 2018 epic spike, XRP is now poised to climb $10 target, while the XRP community is expecting at least double-digit gains next year.
How will the XRP price move in 2025?
Ripple’s stablecoin: RLUSD versus USDT
The New York Department of Financial Services (NYDFS) is reportedly close to approving a new stablecoin issued by Ripple, known as RLUSD, according to FOX Business. Ripple is preparing for a possible launch on Dec. 4, pending approval.
Ripple’s XRP surged 20% during the Thanksgiving weekend, building on a 200% rise since October and solidifying its position as the fifth-largest cryptocurrency by market capitalization at $108 billion.
If granted, Ripple will be authorized to offer RLUSD to the public, marking a significant step into New York’s regulated digital finance market and strengthening its position within the stablecoin ecosystem. RLUSD will provide a U.S.-regulated alternative to Tether’s $130 billion USDT, which dominates the stablecoin market.
Ripple’s business revolves around RippleNet, its blockchain-based global payments network, which offers faster and more cost-effective cross-border payment solutions compared to SWIFT
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