The current trade price of $XRP coin, the native token of XRP Ledger ($XRPL), is $2.24. This price level has been 18% higher over the last 24-hour period. Notably this price level is 50% high over the last 7 days.
Following this significant pump in the trade price of $XRP coin, the majority of the $XRP enthusiasts increased their prediction target from $10 to $100.
It is worth it to note that currently, $XRP is 3rd top Cryptocurrency in terms of market cap. Just a couple of hours ago this Cryptocurrency flipped popular Proof-of-stake (PoS) crypto network Solana ($SOL) in this term.
The sudden increment in the trade price of this Cryptocurrency is fully devoted to the hype around $XRP developer company Ripple’s stablecoin ($RLUSD). As per reports, San Francisco headquartered blockchain firm Ripple may secure regulatory approval in the next few days from New York’s financial regulators to launch $RLUSD.
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Many experts also claimed that Ripple is very near to getting out of the legal dispute with the United States Securities and Exchange Commission (SEC), as the crypto hater SEC chairman Gary Gensler’s departure has been confirmed by 20 Jan 2025.
Cardano founder of Wyoming stablecoin
Amid the increasing popularity of stablecoin adoption & Ripple’s stablecoin launch hype, Cardano founder Charles Hoskinson said that people need to understand that no crypto stablecoin circulation will be possible in the jurisdiction of Wyoming state.
Hoskinson noted that already the commission in Wyoming state, XRP can’t support a stablecoin, even considering letting them bid. Same condition is applicable for Bitcoin, ICP, Algorand, Cardano, Hashgraph, Tezos, Aptos, Holochain, IOTA, and thousands of other crypto networks.
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