30s Summary

Axelar’s tech system, linking XRPL (XRP Ledger) to 70 blockchains, could increase demand for XRP in 2025 through the new RLUSD stablecoin. The stablecoin’s transactions mainly use the XRP Ledger and the XRP-EVM sidechain, potentially increasing XRP’s usage. A surge in XRP’s value in November 2024 was influenced by political support for cryptocurrencies and developments in the XRP ecosystem. Contributing factors that keep investors interested include prospective XRP ETFs and RLUSD’s approval by the NYDFS.

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Just a quick update: Our last report about Axelar – the tech system linking XRPL (XRP Ledger) to 70 other blockchains, including the XRPL EVM Chain – got an update.

Remember when XRP, the cryptocurrency, had a massive surge back in November 2024? Yeah, that happened due to some political stuff and new developments within the XRP ecosystem. Georgios Vlachos, one of the creators of Axelar, said that the new RLUSD stablecoin can make the demand for XRP go up in 2025.

According to Vlachos, many people – even those from developing countries – start using stablecoins for transactions and as value storage. RLUSD’s transactions will mainly use the XRP Ledger and the XRP-EVM sidechain, which will probably increase the demand for XRP. In simpler words, every time you transfer RLUSD, you’re going to pay a fee using XRP, so XRP users get some advantage from these transactions!

XRP hit a seven-year high of almost $2.90 on Dec. 3, 2024, but the price has since dropped a bit. Nevertheless, there are still several factors that are keeping investors interested in XRP for 2025.

Remember that huge price surge XRP had in November 2024? That happened when Donald Trump was elected president and showed some support for cryptocurrencies. This gave people hope for friendlier rules for the crypto industry in the U.S.

On November 25, WisdomTree, a major investment company, filed for an XRP ETF (Exchange Traded Fund). They joined a list of companies, such as Bitwise, Canary Capital, and 21Shares, who also want to launch XRP ETFs.

In early December, XRP even overtook another cryptocurrency, Solana, in terms of market capitalization, placing it as the fourth largest cryptocurrency in the world!

The New York Department of Financial Services (NYDFS) gave approval to Ripple’s new stablecoin, RLUSD on Dec. 10. Now, RLUSD is pegged to the dollar, meaning it’s got the same value as the U.S. dollar, and it’s backed by cash and short-term cash-like investments, such as U.S. Treasury bills.

Just a reminder, though: Investing in crypto is risky, and you should do your own research before deciding to invest.