Prominent crypto analyst Levi explored the potential impact of Ripple’s forthcoming RLUSD stablecoin on the price of XRP. He suggests that the combination of recent regulatory changes and the introduction of RLUSD could serve as a catalyst for XRP's price surge.

Regulatory Context and Ripple’s Strategy

Levi discussed the recent developments in regulatory clarity, focusing on the SEC’s evolving stance on cryptocurrencies. During a Congressional hearing, Rep. Patrick McHenry raised questions about the SEC’s unclear approach, which Commissioner Hester Peirce acknowledged. Against this backdrop, Ripple is actively working on RLUSD, which is currently in beta testing.

Market Potential of RLUSD and Its Impact on XRP

Levi highlighted the growing market potential for RLUSD, noting the stablecoin sector is already worth hundreds of billions of dollars. Integrating RLUSD into the XRP ecosystem could attract more interest from institutional investors and DeFi developers. RLUSD's use could increase liquidity and trading volume on the XRP Ledger.

Path to a $10 XRP

Levi concluded that RLUSD's introduction could help XRP reach $10. The expanded utility of XRP, particularly in cross-border payments, could accelerate the demand for the cryptocurrency. Despite possible short-term volatility, XRP's long-term outlook appears promising due to ongoing developments.

Levi’s analysis emphasizes RLUSD’s importance for Ripple and its potential to drive XRP to new price levels. While short-term volatility is possible, Ripple’s ongoing ecosystem expansion could provide a robust foundation for XRP’s future growth.