XRP has surged past the $3 mark after a landmark court ruling partially favored Ripple in its ongoing battle with the SEC.
Despite the legal drama, Ripple continues to expand its global reach and forge new partnerships to boost XRP’s utility in the financial world.
Could this momentum propel XRP to $20 in 2025? We’ll check out the technicals.
Meanwhile, PlutoChain ($PLUTO) could emerge as a potential L2 upgrade for Bitcoin, with the potential to enhance its speed and functionality.
Let’s look at the deets.
Can Ripple Settlement Help XRP Reach $20 in 2025?
XRP is currently trading at $3.08, with a market cap of $177 billion.
The 24-hour trading volume is $7.55 billion, and the circulating supply is 57.56 billion. The fully diluted valuation is $308 billion.
XRP’s all-time high (ATH) was $3.40, which is 10.6% higher than its current price.
XRP’s current support levels are around $3.00, while resistance levels are situated near $3.15 and $3.20.
The RSI is at 50 right now, which puts XRP in neutral territory.
While the SEC’s recent appeal of the court ruling on XRP has injected uncertainty into the market, Ripple continues its global expansion.
This is evident in their new partnerships and focuses on the On-Demand Liquidity (ODL) product, particularly in Asia and the Middle East, facilitating cross-border payments.
Despite this regulatory challenge, XRP adoption is growing, with financial institutions and payment providers increasingly utilizing it for cross-border transactions.
This increased usage is further strengthened by Ripple’s engagement with central banks and governments worldwide on Central Bank Digital Currencies (CBDCs), which could position XRP as a key player in the future of cross-border payments.
Furthermore, Ripple’s recent launch of the US dollar-pegged stablecoin RLUSD and its pursuit of an IPO demonstrates a commitment to innovation and could attract more users to the XRP Ledger.
Crypto analyst CryptoBull predicts XRP will surge to $13 in the coming weeks as part of a larger Elliot Wave-driven bull cycle that will ultimately push XRP above $20.
STEPH IS CRYPTO has a more conservative outlook and predicts XRP is on the verge of a significant breakout, with price targets ranging from $5 to $14.
PlutoChain ($PLUTO) Could Activate New Functionalities on Bitcoin with Speed, Security, and Smart Contracts
From sluggish transaction speeds to high fees and network congestion, Bitcoin often struggles to keep up with modern demands.
These challenges are rooted in its original design, which limits the network’s transaction capacity to just a handful per second.
PlutoChain ($PLUTO) is a hybrid Layer-2 solution with the potential to elevate Bitcoin’s performance.
PlutoChain could tackle these pain points by offering a faster, more efficient experience while cutting costs and reducing congestion.
By working alongside Bitcoin’s primary blockchain, PlutoChain could make the network more accessible and scalable than before.
One of Bitcoin’s biggest hurdles is its 10-minute block time, which drags out transaction processing.
PlutoChain offers block times as short as 2 seconds, which could rival the speeds of heavyweights like Ethereum and Solana while maintaining security.
Aside from speed, PlutoChain introduces smart contract capabilities and could transform Bitcoin from a simple store of value into a robust platform for DeFi, NFTs, and even AI-driven applications.
Thanks to its EVM compatibility, developers could easily bring Ethereum-based projects into the Bitcoin ecosystem.
During testing, PlutoChain delivered impressive results by handling 43,200 transactions daily without a hitch.
Security is a top priority, with the platform passing audits from SolidProof, QuillAudits, and Assure DeFi while adhering to global regulatory standards.
Its community-driven governance model is another standout feature. It empowers users to shape the platform’s future through proposals and voting.
The Bottom Line
XRP’s future hinges on the outcome of the SEC’s appeal and Ripple’s ability to drive mainstream adoption.
While a $20 XRP in 2025 might be ambitious, the current momentum suggests a bright future for this project.
PlutoChain might also be another interesting project with its hybrid Layer-2 technology that could expand Bitcoin’s capabilities in areas such as DeFi and more.
Remember, this article is not financial or trading advice. All cryptocurrencies are volatile, and past performance is not a guarantee of future results. Always conduct your own research and/or consult with experts before making any crypto-related decisions. Trade responsibly. Forward-looking statements are uncertain and might not be updated.
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