Ripple Update Social Media Buzzes as XRP Price Forecasts Soar to 1 Million Following RLUSD Launch Announcement
Ripple is making preparations for the upcoming launch of its new stablecoin, RLUSD, which is expected to debut in the near future. However, there are skeptics who doubt whether RLUSD will have a significant impact on the price of XRP. What started as a joke has now gained serious momentum, leading to bold predictions about the future price of XRP.
RLUSD is being developed on the XRP Ledger, where XRP remains the native token. Analysts have emphasized that no new token, including RLUSD, can replace XRP on the ledger. Instead, the introduction of such tokens is expected to enhance the overall liquidity and value of the network, similar to how new assets on Ethereum function. Rather than diminishing the importance of XRP, RLUSD is seen as a valuable addition to its ecosystem.
One speculative theory, known as the “Million-Drop Theory,” has generated further excitement. According to this theory, if 1 RLUSD is pegged to $1 and tied to one XRP drop (the smallest divisible unit of XRP), the value of XRP could potentially reach $1 million. While this idea remains uncertain, it has captured the attention of investors.
Crypto Tank, a prominent figure in the cryptocurrency community, shared his thoughts on the matter. He explained that 1 XRP consists of 1 million drops. As the price of XRP rises, the value of these drops will become significant. Therefore, if 1 RLUSD is equal to $1 and is paired with 1 XRP drop in the future, then 1 XRP could be worth $1 million. Although David, a representative from Ripple, avoided directly addressing this question, Crypto Tank believes that it is entirely possible.
Crypto Tank also mentioned that while RLUSD will be valued at $1, the price of XRP is expected to rise even higher. When the supply of XRP is limited and prices increase, many individuals will purchase small amounts of XRP. Similar to how not everyone can afford a whole Bitcoin at $60,000 and instead buy fractions of it, XRP has one million drops. Therefore, one drop could potentially be worth one RLUSD.
This speculation aligns with other notable developments in the cryptocurrency industry, such as Grayscale’s creation of an XRP exchange-traded fund (ETF), the recognition from the SEC that XRP is not a security, and Ripple’s strong partnerships with banks. With all of these factors in play, many experts believe that 2025 could be a transformative year for XRP.
Tags: Crypto news, Ripple (XRP)