Amid the ongoing attention around the SEC’s dismissal of Ripple’s legal battles, one analyst highlights several key developments that are positioning the project for significant growth.
With upcoming stablecoin regulations and the potential approval of ETFs in 2025, optimism surrounding Ripple is on the rise.
In a recent post, digital asset analyst Anders suggested that Ripple is poised for a positive end to 2024. He believes that a combination of factors will contribute to an increase in XRP adoption, starting with the SEC’s decision to drop its case against Ripple Labs. As the legal matter wraps up, Anders anticipates that Ripple’s utility and adoption will only continue to grow.
A major factor in Ripple’s future prospects is the potential for Ripple Custody following the SEC’s repeal of the SAB 122 rule. This change would allow banks to hold cryptocurrencies, which could greatly benefit Ripple due to its established custody infrastructure. Additionally, Anders points to incoming stablecoin regulations as another major opportunity for Ripple, particularly in terms of RLUSD’s regulatory compliance and growing metrics.
Looking further ahead, Anders also notes the possibility of XRP ETFs gaining approval, which could act as a catalyst for the token’s price. With over 10 XRP ETFs awaiting SEC approval, experts are predicting that XRP could hit $8 once the buzz around these ETFs takes off. Anders believes that 2025 will be a pivotal year for Ripple, with potential ETF approvals and inclusion in the US Digital Asset Stockpile providing further momentum.
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/ripple-set-for-growth-with-stablecoin-regulations-and-potential-xrp-etf-approvals-in-2025/