Analyst’s Bold XRP Price Prediction—$15 by March 2025 Amid Ripple’s RLUSD Launch and SEC Legal Victory While PlutoChain Grabs Attention From Whales
The crypto market is seeing big developments in late 2024, with XRP gaining attention following Ripple’s strategic moves and bold price predictions.
Ripple’s launch of RLUSD, a fully backed stablecoin that connects the XRP Ledger and Ethereum networks, coupled with its historic SEC victory, has boosted market confidence.
As XRP trades above $2, analysts predict values will reach $15 by early 2025.
There is another project called PlutoChain ($PLUTO) that might be worth keeping an eye on. This layer 2 solution is gaining traction due to its potential to revolutionize Bitcoin’s transaction speed.
Here’s a closer look at these two projects.
Will XRP Skyrocket to $15? Bold predictions indicate breakout by March 2025
Ripple recently achieved significant milestones that strengthened its position in the crypto market.
On December 17, 2024, the company launched its US dollar-backed stablecoin, Ripple USD (RLUSD), fully backed by US dollar deposits, government bonds and cash equivalents.
RLUSD is available on the XRP Ledger and Ethereum blockchains, ensuring its accessibility and usefulness across different platforms.
Initially, RLUSD is listed on exchanges such as Uphold, Bitso, MoonPay, Archax and CoinMENA, and there are plans to further expand it to other platforms in the near future.
In addition to the launch of RLUSD, Ripple received a favorable outcome in its legal battle with the United States Securities and Exchange Commission (SEC).
The lawsuit, which began in December 2020, accused Ripple of conducting an unregistered securities offering through the sale of XRP.
On July 13, 2023, the court ruled that XRP was not a security, marking a significant victory for Ripple and the entire cryptocurrency industry.
The move brought greater regulatory clarity and was seen as a precedent for digital assets in the United States.
Following the RLUSD announcement, the value of XRP saw a slight increase. The legal victory against the SEC further boosted market sentiment as it eased concerns over regulatory uncertainties surrounding XRP.
The main resistance levels are identified at $2.25 and $2.30, with a significant hurdle near $2.40. Support levels are seen at $2.12 and $2.05, with a critical support zone around $2.00.
Crypto analyst Javon Marks predicts that XRP could reach $16.50 during its next phase of growth, with the potential for a massive 7,200% upside to $111-$168 in a full market cycle.
He notes that current trends suggest that XRP is already on track to achieve this bullish outlook.
PlutoChain ($PLUTO): A Layer 2 Solution That Could Transform Bitcoin’s Transaction Speed
PlutoChain ($PLUTO) could offer a new approach to improving Bitcoin by introducing a layer 2 solution that could improve its capabilities.
Bitcoin has long faced obstacles such as slow transaction times, network congestion, and high fees, especially during periods of high traffic.
PlutoChain could solve these problems with an additional layer designed to process transactions faster and cheaper.
With an average transaction time of 10 minutes, Bitcoin often lags behind faster networks such as Ethereum, Solana, and Cardano.
PlutoChain offers a 2-second block time on its layer 2 infrastructure, while potentially preserving Bitcoin’s renowned security by connecting to its main blockchain.
It also seamlessly integrates with the Ethereum Virtual Machine (EVM), which could make it easier for Ethereum developers to build within the Bitcoin ecosystem.
This could create new possibilities for decentralized finance (DeFi) applications, NFTs, and AI-based projects to potentially mine Bitcoin without complications.
The PlutoChain testnet has already proven its ability to meet real-world demands by processing 43,000 transactions daily without experiencing delays. This shows that it is ready to scale up for larger operations.
The project also passed rigorous audits by trusted names such as SolidProof, QuillAudits, and Assure DeFi.
Its governance system allows users to shape the future of the platform by voting on crucial updates, partnerships and new features.
With these advancements, PlutoChain could position itself as a revolutionary solution capable of addressing Bitcoin’s long-standing challenges and unlocking its full potential.
Takeaways
XRP has seen some real success lately – the launch of RLUSD and the big SEC win gave it momentum beyond $2.
Another exciting development could be the emergence of PlutoChain as a potentially promising innovation that could solve Bitcoin’s scalability issues with its Layer-2 solution and EVM compatibility.
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This article is purely informational and should not be construed as financial advice. Readers are encouraged to do their due diligence. Predictions involve risks and may not be subject to updates.
