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XRP could be poised for another bounce, and this bullish sentiment is primarily due to the recent approval of Ripple’s RLUSD stablecoin by the New York Department of Financial Services (NYDFS).
The stablecoin is pegged to the US dollar and has been hailed as a game changer for Ripple’s ecosystem.
There’s also an update that the US Court of Appeals for the Second Circuit has set January 15, 2025 as the deadline for the SEC to file its opening brief in its appeal against Ripple.
The filing is expected to outline the SEC’s legal arguments challenging previous court rulings in Ripple’s favor.
PlutoChain, a promising Layer-2 solution aimed at improving Bitcoin’s infrastructure, may also gain attention during this time. PlutoChain’s pre-sale is attracting attention, with more than 2 million tokens sold.
Let’s dive into the details.
Ripple (XRP) Latest Updates, Price Analysis and 2025 Forecast – What can traders expect in 2025?
XRP is currently trading around $2.14 since the end of December, with a larger drop of 24% over the past month.
Technical indicators shed light on XRP market trends. The Relative Strength Index (RSI) is at 58, which means there is currently a balance between buying and selling activity.
Meanwhile, the 50-day Simple Moving Average (SMA) is at $1.55 and the 200-day SMA is at $0.81, with mixed short-term and long-term momentum.
Ripple has taken a significant step forward with the introduction of its RLUSD stablecoin. It was launched on December 17th and is pegged to the US dollar to increase liquidity and ensure price stability for Ripple’s cross-border payment solutions.
Each RLUSD token is fully backed by reserves, including US dollar deposits, government bonds and cash equivalents.
On December 23, 2024, Ripple’s Chief Legal Officer, Stuart Alderoty, marked the fourth anniversary of the SEC’s lawsuit by calling for it to end.
He described the lawsuit as “unlawful” and called on the incoming Trump administration to address regulatory concerns stemming from the SEC’s actions.
The US Court of Appeals for the Second Circuit has set January 15, 2025 as the deadline for the SEC to file its opening brief in the complaint against Ripple.
This brief is expected to present the SEC’s arguments against earlier court decisions that favored Ripple.
When it comes to price predictions, market analysts throw themselves at different possibilities.
Armando Pantoja suggests that XRP could reach $8-12 in the near future.
On the other hand, Ali Martinez predicts a conservative target of $8, with an optimistic projection of $48.12 by 2025.
PlutoChain could be the missing piece of the puzzle to finally unlock BTC’s potential – here’s how it works
Bitcoin faces constant challenges with slow transactions, high fees and network congestion, but PlutoChain ($PLUTO) may offer a new solution.
Using a hybrid Layer-2 approach, PlutoChain could create a parallel network that could reduce traffic, lower fees and significantly improve scalability for Bitcoin.
By cutting the block time from Bitcoin’s standard 10 minutes to just 2 seconds on its own chain, PlutoChain could even deliver smart contract functionality while preserving Bitcoin’s unmatched security.
This could change Bitcoin’s role from a static store of value to a versatile platform for a variety of applications.
Moreover, PlutoChain is compatible with the Ethereum Virtual Machine (EVM), potentially allowing developers to migrate Ethereum projects into the Bitcoin ecosystem. This opens up possibilities for DeFi, NFTs, and even AI-driven solutions, expanding the utility of Bitcoin.
The PlutoChain testnet has already demonstrated its capabilities, processing 43,200 daily transactions — a sign that it is preparing for real-world deployment.
Security is a top priority and audits by SolidProof, QuillAudits and Assure DeFi ensure the trustworthiness of the platform. Regular stress tests, code reviews and adherence to international standards add further confidence.
PlutoChain also includes community management, empowering users to vote on updates, partnerships and new features.
To take away
Ripple (XRP) has made headlines with its recent upgrades, but achieving more important goals remains a long-term goal rather than an immediate reality.
On the other hand, PlutoChain could represent an interesting opportunity for the evolution of Bitcoin.
With its Layer-2 solution that reduces transaction time to just 2 seconds and offers compatibility with the Ethereum Virtual Machine (EVM), it has the potential to transform Bitcoin from a static store of value to a dynamic platform.
As PlutoChain continues to develop, it may be worth watching how it potentially shapes the future of the Bitcoin ecosystem in the weeks to come.
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Please remember that this article is for informational purposes only and not financial advice. All cryptocurrencies are volatile, and prices are prone to rapid changes. Always do your own research and consult with an expert before joining any crypto venture. We are not responsible for any outcomes based on the information in this article. Forward-looking statements involve risks and may not reflect updates.
