XRP continues to attract attention not only due to price volatility but also because of many significant developments related to Ripple and the cryptocurrency market.
Ripple is preparing for an IPO with an estimated value of up to 20 billion USD, along with plans to deploy the RLUSD stablecoin and the potential approval of the XRP ETF in the near future, contributing to XRP's position in the market.
MAIN CONTENT
Ripple's IPO is not expected to directly impact the price of XRP due to the differences between stocks and Tokens.
The banking license plan helps Ripple develop the RLUSD stablecoin in accordance with new regulations.
There is a high likelihood that the XRP ETF will be approved by the end of 2024, strengthening XRP's position.
Will Ripple's IPO help XRP increase significantly?
According to analysis from cryptocurrency expert VirtualBacon, while Ripple's pre-IPO stock is trading on the OTC market with a valuation of up to 20 billion USD and could increase tenfold after the IPO, the XRP Token does not necessarily follow this trend. Major investors may prioritize buying stocks over XRP Tokens. Therefore, the IPO may enhance Ripple's brand recognition but may not necessarily drive a sudden increase in XRP's price.
Ripple's IPO will attract new capital, but the XRP Token will continue to move independently of the company's stock.
VirtualBacon, Cryptocurrency Analyst, 2024
What are Ripple's plans for developing stablecoins and obtaining banking licenses?
Ripple has just applied for a national banking license in the United States to develop the RLUSD stablecoin, similar to competitors like Circle. This allows Ripple to meet new requirements from upcoming legislation that mandates stablecoin issuers to have assets backed by real cash or U.S. Treasury bonds. A banking license will make RLUSD more attractive in the eyes of major financial institutions.
A banking license is a strategic move to ensure compliance and increase trust in the RLUSD stablecoin.
Ripple's director, Brad Garlinghouse, speaks at the Blockchain Conference 2024.
What is the current chance of XRP ETF approval?
Based on the assessment of Bloomberg analysts, the chance of a spot ETF for XRP, Litecoin, and Solana reaching approval before October 2024 is 95%. This is an important step that helps XRP gain wider recognition as a leading cryptocurrency asset.
Are the rumors about Ripple partnering with Swift accurate?
Rumors of a partnership between Ripple and Swift are unverified. Swift is testing technology according to ISO 20022 standards, which XRP also supports, but they are simultaneously collaborating with Stellar and Algorand. Ripple's CEO, Brad Garlinghouse, asserts that both parties remain competitors in the market.
Is the release of XRP from escrow considered a dumping behavior?
Ripple regularly unlocks about 1 billion XRP each month and locks back 70-80%, demonstrating stable, transparent on-chain activity. The cessation of regular reporting on XRP releases due to pressure from the SEC creates some uncertainty but does not change the transparency of on-chain data.
What will be the next market movement for XRP?
The XRP derivatives market is vibrant with Open Interest exceeding 10 billion USD, a record high. XRP's price approaches 3.48 USD, a level not seen in many years. History shows that increases in Open Interest often signal strong bullish trends, opening opportunities for XRP to continue its upward momentum.
Frequently Asked Questions (FAQ)
Will Ripple's IPO cause XRP's price to surge suddenly?
Not necessarily, as investors may prioritize buying Ripple stock over XRP, and the price of XRP moves independently of the stock.
What does the banking license help Ripple do?
Enhancing the credibility of the RLUSD stablecoin, ensuring compliance with new regulations regarding cryptocurrency collateral.
When can the XRP ETF be approved?
There is a high likelihood of approval before October 2024 according to Bloomberg analysis.
Are the rumors about Ripple partnering with Swift accurate?
Not exactly, Ripple and Swift are still competitors in the market.
Is Ripple dumping XRP?
On-chain data shows that the issuance and locking of XRP are performed steadily and transparently.
Source: https://tintucbitcoin.com/xrp-etf-va-ripple-ipo-2025/
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