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Ripple's RLUSD stablecoin is set to be listed on more major exchanges imminently, according to President Monica Long. Launched on December 17, RLUSD is currently available on several platforms, with a market cap of $71.8 million and over 76% of trading volume on Bullish. Ripple has also partnered with Chainlink to enhance RLUSD's utility by integrating price feeds on Ethereum and the XRP Ledger. Long anticipates strong growth for stablecoins this year, driven by increased demand in Ripple's payments business, which has doubled over the past year. Additionally, she hinted that XRP could soon see its own exchange-traded fund (ETF) following recent filings by various companies.
Ethereum's price has dropped over 6% amid rising staking withdrawals, with more than 500,000 ETH leaving staking protocols recently. Investors are taking profits following price increases, while significant inflows into Ethereum exchange-traded funds were noted. If ETH fails to hold above the lower boundary of a symmetrical triangle pattern, it risks declining to the psychological level of $3,000.
U.S. Bitcoin ETFs saw a surge in inflows, reaching $900 million, with Fidelity leading at $370.2 million. This renewed interest has fueled predictions of Bitcoin potentially hitting $200,000 by 2025, driven by institutional demand and significant withdrawals from exchanges. Analysts project Bitcoin could reach between $225,000 and $475,000 by the end of 2025, reflecting growing confidence in the cryptocurrency market.
The race for altcoin ETFs intensifies as Solana, XRP, Litecoin, and Hedera seek SEC approval following the success of Bitcoin and Ethereum ETFs. Analysts predict Solana could reach $560, XRP $2.50, Litecoin $150, and Hedera $0.6 by 2025, with Litecoin potentially leading in approvals due to its Bitcoin-like nature. Institutional interest is growing, with major firms filing for ETFs featuring these altcoins, reflecting their market strength and adoption.
XRP has reclaimed its position as the third-largest cryptocurrency by market cap, surpassing Tether's USDT, which has seen a decline amid stricter EU regulations. XRP's market cap surged to $138.98 billion, driven by speculation around a spot XRP ETF and a significant price increase of nearly 280% over the past year.Despite USDT's dip, it remains the dominant stablecoin, holding 67.21% of the $204 billion stablecoin market, while USDC trails with a market cap of $44 billion. The user base for USDT grew by 11.7% in December, adding 21.9 million new users.
XRP's price surged 21% over the past week and 13% in the last 24 hours, reaching $2.69, coinciding with the launch of Ripple's RLUSD stablecoin. Analysts predict further growth, with expectations of XRP hitting new highs as regulatory challenges fade and interest in XRP ETFs rises. Ripple's legal chief believes the SEC's appeal will ultimately benefit the crypto industry.
The US regulatory environment is becoming increasingly favorable for crypto ETFs, particularly after the recent elections, with Solana, Ripple, and Cardano poised for potential listings in 2025. Solana has gained traction with two approved ETFs in Brazil and a market cap of $106.6 billion, while Ripple's XRP, despite legal challenges, has seen a 325.7% growth and a market cap of $151.4 billion. Cardano, with a commitment to improvement, has also surged 82.1% to a market cap of $39.4 billion, signaling a promising future for these cryptocurrencies in the ETF market.
XRP's recent price drop to $2.33 may reverse due to the upcoming launch of Ripple's RLUSD stablecoin, potential XRP-backed ETF approvals, and a favorable resolution in its ongoing SEC case. Analysts predict XRP could soar to $35 by 2025, driven by increased institutional interest and a bullish market trend.
Digital asset investment products saw a remarkable $3.2 billion in inflows last week, pushing year-to-date totals to $44.5 billion, driven primarily by Bitcoin and Ethereum ETFs. XRP also experienced significant interest, with $145 million in inflows, as Ripple prepares to launch its RLUSD stablecoin. Bitcoin reached a new all-time high of $107,822, while Ethereum attracted $1 billion in inflows, marking a record for the year.
Ethereum and Bitcoin ETFs are experiencing unprecedented inflows, with Bitcoin spot ETFs alone attracting $223 million in a single day. Institutional and retail investors are increasingly favoring these funds, particularly spot ETFs, which have outperformed futures-based options. Over recent weeks, these ETFs have collectively garnered over $6 billion, highlighting their growing significance in the financial landscape.
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