Pundit is Bullish for XRP Over the Next 12 Months. Here’s Why
Main Idea
A crypto commentator is optimistic about XRP's growth potential over the next 12 months, citing Ripple's application for a banking license and the RLUSD stablecoin as key factors.
Key Points
1. Bob Way, a crypto commentator, highlights two elements that could drive XRP's growth: the RLUSD stablecoin and Ripple's pending banking license application.
2. Ripple has applied for a national trust bank charter from the U.S. Office of the Comptroller of the Currency, which could allow it to manage digital assets and RLUSD reserves under federal oversight.
3. If approved, the banking license could provide a regulatory foundation for XRP to serve as a bridge asset in cross-border transactions.
4. The combination of the banking charter and RLUSD's stability could enable new settlement pathways, attracting institutional participants.
5. The next 12 months could be transformative for XRP, depending on regulatory approvals and Ripple's execution.
Description
Ripple’s recent activities in the banking and stablecoin sectors have been the subject of speculation, but a brief exchange on X has provided a clearer glimpse into one possible direction. Responding to a question about when XRP will start growing, Bob Way (@bob_way), a popular crypto commentator, outlined how two elements, the RLUSD stablecoin and a pending banking license application, could form the foundation for a major expansion. He described the end of the legal battle between Ripple and t...
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