CandleFocus 5 Essential Reasons to Stay Bullish on XRP, According to Industry Expert
2024-09-25
Author: Content Editor
The XRP community is optimistic about the future of XRP due to Ripple's development of the RLUSD stablecoin, according to community commentator Levi Rietveld. Rietveld believes that RLUSD will play a significant role in banking and financial systems, presenting a practical tool for institutions to incorporate digital currencies. The integration of RLUSD into banking systems could potentially replace traditional systems like SWIFT and redirect trillions of dollars in transaction volume through the XRP Ledger. Ripple's efforts in forging partnerships with financial institutions and recognition from global financial bodies like the IMF and World Bank further support the bullish outlook for XRP. Rietveld predicts that XRP could reach $10 within the next 12 months as large-scale transactions involving RLUSD become more common. The ongoing testing of RLUSD has also attracted attention within the XRPL community, raising discussions about its impact on XRP liquidity on decentralized exchanges.
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