In recent days, Ripple, its native token, and the stablecoin RLUSD have attracted attention within the cryptocurrency industry.
Partnerships and Events
This week, Ripple announced it will provide its digital asset custody to the Spanish bank BBVA. The partnership follows the launch of a new crypto-asset trading service that offers Bitcoin (BTC) and Ether (ETH) to retail clients.
Ripple also shared details about the upcoming Ripple Swell 2025 event, which will take place in New York City on November 4-5, bringing together leading industry specialists and XRP proponents.
"From stablecoins and payments to regulation and real-world adoption, Swell brings together the conversations shaping the future of finance," the company stated on its X account.
RLUSD's Success in Africa
Ripple’s stablecoin, RLUSD, continues to attract attention due to its advancements. Recently, the USD-pegged product became available to institutions in Africa through new partnerships with Chipper Cash, VALR, and Yellow Card.
RLUSD is suitable for many local enterprises as it facilitates instant settlement of cross-border payments. It is also used to underpin relief projects for extreme weather events led by Mercy Corps Ventures in Kenya. One project uses RLUSD as insurance for farmers, with funds kept in escrow and automatically paid out through smart contracts when certain weather conditions are met.
As of now, RLUSD has a market capitalization of almost $730 million.
XRP Price Predictions
As of this writing, XRP is trading at around $3, representing a 5.5% increase on a weekly scale. Many analysts expect further price increases.
Analyst Ali Martinez stated that XRP could spike to $3.60 if it manages to break out of its recent descending triangle pattern. Others, like TRACER and XForceGlobal, are even more optimistic, forecasting price explosions to $6 and $20, respectively.
Ripple's recent initiatives and RLUSD's success highlight the company's growing presence in the cryptocurrency space, emphasizing XRP's potential for the future.
