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Cryptocurrency News Articles
Ripple (XRP) Set To Pump Amidst ETF Application and RLUSD FOMO
Dec 19, 2024 at 07:25 pm
The optimism surrounding Ripple (XRP) has steadily been building over the last few weeks. While CoinMarketCap's data shows that the Ripple coin
As the United States prepares for significant changes in its regulation of crypto with President-elect Donald Trump’s return, Ripple (XRP) continues to be the focal point. There are rumors regarding BlackRock potentially filing for an XRP ETF just after Ripple receives approval from NYDFS to launch its RLUSD stablecoin.
In addition, the SEC legal battle continues to tilt in Ripple’s favor, leading analysts to predict that XRP could skyrocket soon. However, savvy investors are buying into Remittix, a project they believe could replicate XRP’s 2017 increase. They believe RTX could outperform XRP’s 30,000% 2017 pump because Remittix is in the same $150 trillion cross-border payment market, but with better features.
Key Points:
- Optimism builds around Ripple (XRP) as new applications are filed for an XRP ETF.
- BlackRock rumors and the upcoming RLUSD launch could spark an XRP price increase.
- Despite the four-year legal battle, analysts predict an XRP rally to $10 if the case concludes soon.
- Remittix (RTX) is set to dominate the altseason with its use case in the $150 trillion cross-border payment market.
- Still priced at $0.015, RTX could cross $1 by early 2025, making it one of the best altcoins to buy now.
Ripple (XRP) Set To Pump Amidst ETF Application and RLUSD FOMO
The optimism surrounding Ripple (XRP) has steadily been building over the last few weeks. While CoinMarketCap’s data shows that the Ripple coin has largely consolidated between $2 and $2.5 for most of December, Brett has forecasted that the altcoin price could easily pump above $5 soon.
So far, five asset managers including 21shares, Bitwise, Canary Capital, and WisdomTree have filed applications for an XRP ETF to the US SEC. However, rumors also suggest that BlackRock is thinking about filing an XRP ETF application.
If this is the case, the Ripple token could receive the boost it needs to break out of its current consolidation phase. This also comes just before the highly-anticipated launch of the Ripple stablecoin, RLUSD.
As it prepares to launch, Ripple’s CTO David Schwartz has warned investors that price volatility for RLUSD could be a problem. While RLUSD is a stablecoin pegged 1:1 with the USD, its price before launch has crossed $1,244, as many buyers are eager to claim the “honor” of being the first buyer.
The launch of RLUSD is another major factor that could spark a Ripple price increase over the next few weeks. While we wait for the conclusion of the four-year Ripple vs. SEC lawsuit, Elon Musk has noted that the U.S. SEC is “a weaponized institution.”
With Trump at the helm of affairs, crypto analysts believe that the lawsuit could end soon after. If this happens, there are analysts who believe that the Ripple crypto could reach prices of $10.
Remittix (RTX) To Dominate the Altseason With XRP-Like Gains
In the coming altseason, there are hyper-bullish predictions for Remittix (RTX) because of its novel use case. Remittix is on a journey to reinvent the cross-border payment industry but with newer technology than Ripple. Because of this, analysts believe the RTX coin can replicate XRP’s mega 2017 rally of over 30,000%.
Remittix is developing an ecosystem that will allow users and businesses to convert crypto assets to over 30 fiat currencies instantly. Remittix goes a step further, allowing the use of local payment systems and the blockchain for an immediate sending/receiving of fiat anywhere on the planet.
The DeFi project also assures clients that cross-border transfers are provided at a fixed cost. With this platform, Remittix looks to not only improve cross-border transactions but also become available to people without banking structures for international payments and money transfers.
With same-day processing for all transactions, Remittix could easily become the go-to platform in the $150 trillion cross-border payments market. This is why analysts are persuaded that RTX could dominate this altseason. Still priced at only $0.015, RTX could cross $1 by early 2025, making it one of the best altcoins to buy now.
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