CandleFocus Here Are 3 Major Events on Horizon That Could Drive XRP Next Price Move
2024-12-11
Author: Content Editor
XRP has experienced a significant price dip, but there are three upcoming developments that could potentially turn the tide for the cryptocurrency. First, Ripple is preparing to launch RLUSD, a USD-pegged stablecoin, following regulatory approval. This could enhance Ripple's institutional payment capabilities and increase XRP's utility. Second, there is speculation that asset management firms, including BlackRock, may be preparing to file applications for XRP ETFs, which could drive demand and mainstream adoption. Finally, there is growing speculation of a settlement in the legal battle between Ripple and the SEC, which could eliminate regulatory uncertainty and solidify XRP's classification as a non-security. These developments have the potential to improve XRP's market performance.
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