As market analysts predict a further surge in XRP’s value, there are seven key events that could support this anticipated price increase. XRP has shown remarkable performance in recent weeks, with a 283% surge in November and sustained gains in December despite a broader market correction. The current price of XRP stands at $2.35, experiencing a 3.23% increase today but a 5% decrease over the past week. Analysts believe that XRP’s upward trajectory is still in its early stages.
One major event that could drive XRP’s value up is the launch of RLUSD, a U.S. dollar-pegged stablecoin introduced by Ripple on December 17, 2024. This stablecoin, fully backed by U.S. dollar deposits, government bonds, and cash equivalents, aims to provide stability and liquidity in the market. While the launch of RLUSD already had a positive impact on XRP’s price, it could further support XRP’s value by enhancing liquidity in the market.
Another significant event that could potentially boost XRP’s price is the resolution of Ripple’s legal battle with the SEC. The ongoing lawsuit has been a point of contention for four years, with a recent development seeing a reduction in the penalty against Ripple to $125 million. A definitive resolution of the case could eliminate regulatory uncertainties surrounding XRP and improve its market position.
Furthermore, the approval of an XRP ETF could attract institutional investment, enhance liquidity, and increase market confidence. While several firms have filed for spot XRP ETFs, regulatory approval is still pending. Once approved, an XRP ETF could lead to a significant inflow of capital into the XRP market, driving up its value.
The onset of an altcoin season could also play a role in boosting XRP’s price. Altcoin season refers to a period when alternative cryptocurrencies outperform Bitcoin, leading to heightened investor interest and capital inflows. Market data suggests that many top altcoins have recently outperformed Bitcoin, hinting at a potential altcoin season that could benefit assets like XRP.
The departure of SEC Chair Gary Gensler and the inauguration of President Donald Trump could potentially shape a more favorable regulatory environment for cryptocurrencies like XRP. Gensler’s resignation and Trump’s support for the crypto industry could lead to regulatory clarity and policies that support the growth of crypto assets. Additionally, the establishment of clearer global crypto regulations in countries like Australia, the UK, Brazil, and South Korea could provide further stability and encourage institutional participation in the XRP market.
