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Home Blockchain

Analysts Predict 719% Rally for $XRP – Join Best Wallet to Ride Ripple’s Early Stablecoin Success

by DigestWire member
December 17, 2024
in Blockchain, Crypto Market, Cryptocurrency
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Ripple Labs’ $XRP has been making waves in the crypto realm, capitalizing on regulatory developments that have spurred bullish market sentiment. 

Promising advancements in the ongoing legal battle between the Securities Exchange Commission (SEC) and Ripple have helped restore investor confidence in $XRP. 

The self-proclaimed ‘Crypto President,’ Donald Trump, has rebuilt faith in the entire crypto ecosystem. Investors foresee looser US crypto regulations when he moves back into the White House, and Gary Gensler (who’s sued Web3 companies left, right, and center) steps down as SEC Chair on January 20. 

Using a secure wallet like Best Wallet can help secure your crypto holdings and capitalize on early gains from upcoming coins like Ripple’s $RLUSD. 

$XRP Rises 416% Post-US Election Day 

Since last week, $XRP’s value has risen by over 15%, and its 24-hour volume has increased by more than 110%. 

Further highlighting the coin’s prosperous times, its price has more than quadrupled since the 2024 US Election Day outcome, rocketing by 416% from $0.50 to $2.58 since November 6. 

$XRP is projected to gain 719% following Gensler’s resignation, which could boost its upcoming stablecoin, $RLUSD, to greater heights. Notably, it’s already attracting hefty bids encompassing 836 $XRP on marketplaces despite being pegged to $1 (like Tether’s $USDT and Circle’s $USDC).  

Meanwhile, others foresee $XRP hitting $10 in 2025, with emerging projects (possibly Crypto All-Stars) following its lead. 

Albeit not financial advice, crypto analyst ‘CrediBULL’ suggests that now’s a good time to buy $XRP instead of waiting for the coin to dip to $2.21; a pullback might not occur as anticipated.

Analysts Predict 719% Rally for $XRP – Join Best Wallet

$BTC & $ETH ETFs Capture $3.2B Inflows

Ripple’s digital payment assets aren’t the only ones benefiting from the buzz surrounding softened US crypto restrictions. $BTC alone hit its $106K ATH just yesterday.

Bitcoin and Ethereum exchange-traded funds (ETFs) also saw $3.2B worth of inflows last month. Crypto investors have poured $3.85B into Bitcoin products this year, making the coin the source of 87% of all inflows.

Ethereum inflows often lag behind Bitcoin. But, they did garner $1B last week, boosting its year’s total to a commendable $4.4B. 

As US lawmakers push for crypto legislation next year, analysts foresee developments on the Ethereum network growing, likely boosting $ETH’s price. However, some analysts foresee earlier success – it hitting $5K before 2025 kicks off (around $1K greater than its current price). 

$BEST Safeguards Crypto, Attracts $4.5M on Presale

Among the hype,  investors are finding ways to safeguard their cryptocurrencies. Part of the Best Wallet ecosystem, Best Wallet Token’s ($BEST) success supports this statement, attracting over $4.5M on presale. 

$BEST is the backbone of Best Wallet, which sets itself apart from crypto wallet leaders like MetaMask over spotlighting presale tokens. 

You can join Best Wallet to take advantage of its multi-chain (forthcoming support of 60+ chains) and multi-token nature, which makes it a smart way to buy, store, and swap cryptocurrencies. Investors no longer need separate wallets for coins on contrasting chains. 

Another boon is having its own decentralized exchange, Best DEX, to offer the best rates and lowest trading fees on the market. 

Join Best Wallet for Early Success In 2025’s Bull Market

The ongoing legal battle between Ripple and the SEC positions $XRP as a resilient force in the crypto market. This signals bountiful times for not just $XRP but also the digital payment company’s upcoming stablecoin, $RLUSD. 

As the traditionally stringent US crypto regulations likely ease following Donald Trump’s presidential return and Gensler’s resignation, it’s not just the digital asset payment company’s assets anticipated for success.

Bitcoin and Ethereum ETFs are poised to flourish further. And new DeFi projects will likely build on Ethereum in 2025, uplifting $ETH.

Notably, Best Wallet highlights new presale projects before they are listed on centralized exchanges. Buying coins ahead of the rest offers a competitive advantage because they’re sold at significantly lower prices compared to post-launch, bolstering the likelihood of gains. 

As the market embraces a new era of adoption and growth, join the Best Wallet Token presale to capitalize on promising cryptocurrencies, new and old. 

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