XRP to $3.55? Ripple’s RLUSD Launch Triggers Whale Buying Spree!

Ripple has officially launched its USD-backed stablecoin, RLUSD, signaling a major step forward for cross-border payments and the adoption of digital assets. RLUSD maintains a 1:1 peg to the US dollar, backed by reserves of US dollar deposits, Treasury bonds, and liquid assets, ensuring transparency and stability.

The stablecoin is now live on platforms such as MoonPay, Uphold, CoinMENA, Bitso, and Archax, with plans to roll out on Bitstamp, Bullish, and other exchanges in the coming weeks. Ripple President Monica Long emphasized RLUSD’s significance in strengthening Ripple’s position in payments:

“The release of RLUSD marks a new chapter for the XRP Ledger and Ripple for use in our $70 billion+ payment flows.”

The stablecoin will initially operate on both the XRP Ledger and Ethereum Mainnet, enabling integration with DeFi protocols and enhancing utility across ecosystems.

XRP Whales Accumulate 830M Tokens Ahead of RLUSD Launch

Ahead of RLUSD’s release, XRP whales have made notable moves, accumulating over 830 million XRP within 24 hours. This accumulation has sparked a 1.62% surge in XRP’s price, with the token trading around $2.48.

The buying spree comes amidst rising investor optimism as analysts predict that XRP could break above key resistance levels at $2.92 and advance toward $3.55. Crypto market expert Dark Defender outlined XRP’s bullish trajectory, suggesting further targets at $5.85 and $9 if the momentum holds.

Meanwhile, XRP’s open interest in futures markets has surged by 13%, reflecting growing investor confidence and heightened trading activity. On-chain data highlights the increasing market demand for XRP amid bullish sentiment across the broader crypto market.

Bitcoin Hits $107K as MicroStrategy Adds 15,350 BTC

Bitcoin (BTC) achieved a new all-time high of $107,471, driven by strong market fundamentals and institutional adoption. MicroStrategy, led by Chairman Michael Saylor, announced its latest acquisition of 15,350 BTC valued at $1.5 billion, pushing the company’s total Bitcoin holdings to 439,000 BTC.

The move came alongside sustained inflows into US Bitcoin ETFs, which recorded net inflows of $218.7 million across major products like Fidelity, ARK 21Shares, and Bitwise. Analysts predict Bitcoin could break the $110,000 milestone by year-end as demand outpaces supply.

IG Market Analyst Tony Sycamore highlighted Trump’s Strategic Bitcoin Reserve proposal as a pivotal factor driving institutional interest:

“The fresh record high came after US President-elect Donald Trump confirmed his intent to establish a US Bitcoin reserve, signaling growing institutional adoption.”

What’s Next for XRP and Bitcoin?

XRP is poised for further gains if it sustains momentum above $2.92, with bullish targets set at $3.55 and beyond. However, regulatory clarity remains a critical factor as the market awaits the SEC’s next move regarding Ripple’s stablecoin launch.

Bitcoin’s trajectory looks equally promising, driven by ETF demand, institutional purchases, and Trump’s pro-crypto policies. Near-term targets for BTC remain at $110,000, with analysts projecting further growth heading into 2025.

As the year concludes, XRP and Bitcoin stand at the forefront of the crypto market’s resurgence, reflecting renewed investor confidence, institutional adoption, and bullish sentiment across the board.

Disclaimer:This content is for informational purposes only and should not be considered financial advice. Always conduct thorough research before making investment decisions.

Source: ICO Gem Hunters