Did some research for you newbies
It seems like this sub is getting full of new comers (which is a good thing) asking heaps of questions that have already been answered. Thought I'd go ahead and list some important news, dates and facts especially as we close down on 2024 and head into 2025.
Increased Wallet Activity: XRP’s ledger has recently seen a spike in activity, with over 35,000 active wallets in one day and the creation of nearly 4,000 new wallets, marking the highest level of activity in several months. This could signal growing adoption and interest in xrp.
Stablecoin Launch: Ripple has launched its stablecoin, RLUSD. This move aims to expand its ecosystem and attract more institutional and retail users
XRP ETF: Ripple CEO Brad Garlinghouse hinted at the inevitability of an XRP-based exchange-traded fund (ETF), which could significantly boost liquidity and investor interest. ( gensler also resigning early next year).
BRICS Partnerships: Ripple is reportedly pursuing partnerships with financial institutions in BRICS nations, potentially unlocking broader adoption of XRP for cross-border payments
Price Predictions: December 2024: XRP is forecast to rise modestly, with a predicted price increase of approximately 17%, potentially stabilising at $2.60 by the end of the month
2025 Outlook: XRP could range between $2.50 and $4.00, depending on adoption, market conditions, and further regulatory clarity
Long-Term (2030): Some bullish forecasts suggest XRP could reach $5-$9, with optimistic analysts envisioning potential highs of up to $15 if adoption accelerates
Factors Affecting XRP: Regulatory Environment: Ripple’s ongoing legal battle with the SEC remains a pivotal factor for its price trajectory. Positive outcomes could lead to higher valuations.
Utility in Payments: XRP’s use in cross-border payments and partnerships with banks and financial institutions give it a unique edge compared to other cryptocurrencies
All in all, strap in guys and gal's. Hopefully, it's a smooth ride from here on out.
Ps: HODL!