XRP, the digital asset of Ripple Labs, has clinched a key milestone, hitting $190 billion in market capitalization.
Taking to the X platform, Austin King, a crypto veteran and former Ripple employee, celebrated XRP’s new milestone. King further unveiled strategies for Ripple to grow into a trillion-dollar asset.
The Ripple Labs Strategy to Grow XRP Uncovered
Austin King, now the founder of Omni Network, sold his start-up to Ripple in 2019. He said he started working with Ripple in 2017 while still at Harvard.
In his X post, King shared a strategy that most people miss. The Ripple alumni highlighted interoperability as a key blocker preventing XRP from advancing to its next phase.
He noted that Ripple is expanding their core XRP Ledger (XRPL) strategy. As a result, the firm is now leveraging its global base of traditional finance customers to tokenize the world’s assets.
While King commended Ripple’s tokenization strategy, he said there is room for more expansion.
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He highlighted a scenario of XRPL’s tokenized assets extended into the multi-chain DeFi economy, valued at $125 billion. King believes this expansion could generate over 400 times more XRP revenue than the existing fee model.
King stressed that Omni Network is working on facilitating the permissionless growth of tokenized assets from the XRPL into the multi-chain DeFi ecosystem.
He also hinted that OMNI will take a key role in promoting the adoption of RLUSD across the DeFi economy.
XRP and Price Outlook
XRP has reached levels not seen in months following weeks of consolidation and push for bullish momentum.
Earlier in the day, XRP price rose to a new high of $2.97, following Bitcoin’s move towards the $100,000 level. The altcoin continued its rally, hitting a seven-year high of $3.35.
Per market data, XRP price surged over 13% in the past 24 hours and 44.9% on the weekly chart.
The market capitalization now stands at $192 billion, while daily trading volume soared by 47.8% to $27.6 billion.
The $3 breakout has created a strong foundation for future gains. Given the current market conditions and technical indicators, XRP could soon hit $4 if it maintains this momentum.
The first important support level to watch if XRP cannot stay above $3.4 is approximately $3, followed by $2.75.
A decline below these levels could signal the emergence of a short-term bear market. In contrast, a move above these levels could indicate a more bullish outlook.
The Core Ripple Labs Products Overview
The latest surge in XRP comes amid several ecosystem developments.
For instance, XRP kicked off 2025 positively, with the Total Value Locked (TVL) climbing from around $55 million to $65.52 million on January 5, 2025.
The growth in XRPL’s TVL suggests that the number of investors interested in XRP has soared substantially.
Additionally, the trading volume of Ripple’s stablecoin, RLUSD, has surged in the last 24 hours.
The trading volume is $193.8 million, marking a 99.7% surge within the last 24 hours. This trend highlights the growing interest in the RLUSD, indicating a shift towards stablecoin as an alternative asset class.
Expectations for an XRP ETF are also high, with the potential emergence of a new SEC leadership. This has also contributed to the rising momentum in the ecosystem.
Source: https://www.thecoinrepublic.com/2025/01/17/ripple-alumni-reveals-xrp-to-1-trillion-secret-strategy-details/