XRP Price Forecast: Ripple’s RLUSD Stablecoin Trials Intensify – Is a Rise to $10 Possible for XRP?

The XRP price has decreased by 0.2% today, settling at $0.5881 as the broader cryptocurrency market declines by 1% over the last 24 hours.

Nonetheless, XRP is up by 2% over the week and has risen by 10% over the past two weeks. Although the altcoin has dropped by 1% in the last month, it has experienced an 18% increase in the past year.

As the year draws to a close, XRP may gain strength, with Ripple intensifying its testing of the new RLUSD stablecoin, having issued 485 RLUSD yesterday.

This issuance follows the announcement that Ripple intends to launch its stablecoin in Japan, and its ongoing partnership expansions suggest potential for positive growth in the future.

XRP Price Outlook: Ripple’s RLUSD Stablecoin Testing Intensifies – Could XRP Reach $10?

The issuance of 485 RLUSD coincides with XRP’s attempt to surpass its current resistance level (red), which is approximately $0.592 today.

According to other indicators, XRP has regained some momentum in the last hour, with its relative strength index (purple) rising to 50 at the time of writing.

Source: TradingView

Additionally, its 30-period moving average (orange) remains above its 200-period average (blue), indicating that it is still in a medium-term growth phase.

Given this context, we may observe the XRP price recovering from its slight dip today to reach $0.60 in the coming week.

Today’s decline may have been influenced by a recent whale deposit to Bitstamp, although the last 12 hours have not seen significant transfers in either direction.

17,230,000 #XRP (10,162,487 USD) transferred from unknown wallet to #Bitstamphttps://t.co/h1Axy5hf8Y

— Whale Alert (@whale_alert) September 24, 2024

Looking at the broader perspective, XRP has several favorable factors, with Ripple’s anticipated launch of its RLUSD stablecoin approaching.

As previously noted, Ripple issued 485 RLUSD yesterday as part of its testing for the token.

The company began beta testing the stablecoin in early August, with the coin operating on both the XRP Ledger and Ethereum.

This will provide it with extensive applicability, and considering Ripple’s established role as a network for cross-border transactions, RLUSD could emerge as a significant competitor to other stablecoins upon its launch.

The initial launch is planned for Japan, pending regulatory approval, followed by expansion to other regions, with the stablecoin aimed at institutional clients.

While the future adoption of RLUSD may not directly affect the XRP price, it will enhance the overall Ripple ecosystem, indirectly benefiting XRP.

Consequently, XRP may reach $1 by the end of the year and $3 by the second quarter of 2025.

New, Small-Cap Alts Can Show More Upside

Despite XRP’s solid fundamentals, it is likely to continue its steady ascent in the near term, prompting traders seeking quicker returns to explore other options.

One promising opportunity lies in presale tokens, which often generate significant momentum prior to their listing on trading platforms.

One such token is Memebet Token (MEMEBET), an Ethereum-based cryptocurrency that has raised $285,000 in its recently launched presale.

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Memebet plans to merge its own meme token with an online crypto-friendly casino, which will feature over 1,000 games and a comprehensive sportsbook.

Users will have the option to place bets using the native MEMEBET token, as well as established cryptocurrencies like Pepe, Dogecoin, Bonk, and Shiba Inu.

By wagering with MEMEBET, holders will be eligible for enhanced play-to-earn rewards, with 20% of the total supply – 2 billion MEMEBET – allocated for payouts.

Alongside a web-based platform, Memebet will also operate a KYC-free Telegram casino, making it accessible for participants worldwide.

It is also noteworthy that Memebet has garnered a substantial online following, with its X account nearing 14,000 followers.

Bob ross painting yet another master piece
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— MemeBet (@Memebetcasino) May 25, 2024

Investors can participate in the sale now by visiting the official Memebet Token website, where MEMEBET is priced at $0.0254 per token.

This price will increase by $0.001 with each new phase of the sale, and it could potentially rise significantly once it is listed on exchanges.

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