The current trading price of $XRP coin, the native token of the XRP Ledger ($XRPL), is $2.24. This price level has been 18% higher over the last 24-hour period. Notably, this price level has increased by 50% in the last 7 days.
Following this significant increase in the trading price of the $XRP coin, most $XRP enthusiasts increased their prediction target from $10 to $100.
It is worth noting that currently, $XRP is the third leading cryptocurrency in terms of market capitalization. Just a couple of hours ago, this cryptocurrency flipped the popular proof-of-stake (PoS) crypto network Solana ($SOL) this term.
The sudden increase in the trading price of this cryptocurrency is entirely due to the hype surrounding $XRP developer Ripple ($RLUSD) stablecoin. San Francisco-based blockchain company Ripple may reportedly gain regulatory approval in the coming days from New York financial regulators to launch $RLUSD.
Many experts also claimed that Ripple is very close to exiting the legal dispute with the United States Securities and Exchange Commission (SEC), as the departure of cryptocurrency-hating SEC Chairman Gary Gensler was confirmed. on January 20, 2025.
Wyoming stablecoin founder Cardano
Amid the growing popularity of stablecoin adoption and the hype over Ripple’s stablecoin launch, Cardano founder Charles Hoskinson said people need to understand that circulation of stablecoins will not be possible in the jurisdiction. from the state of Wyoming.
Hoskinson noted that, already the commission in the state of Wyoming, XRP cannot support a stablecoin, even considering allowing them to bid. The same condition applies to Bitcoin, ICP, Algorand, Cardano, Hashgraph, Tezos, Aptos, Holochain, IOTA and thousands of other crypto networks.
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