The post XRP Price Predictions Soar as Ripple’s RLUSD Stablecoin Launch Nears appeared first on Coinpedia Fintech News
The XRP community is buzzing with a speculative theory that could send shockwaves through the crypto world. Some enthusiasts are predicting that XRP could reach a jaw-dropping $1 million if one XRP drop equals the value of Ripple’s upcoming stablecoin, RLUSD. This speculation started as a joke but has since gained momentum, sparking excitement among investors.
Let’s dive into the details!
The Satirical Spark
This bold prediction took flight after Vet, a well-known validator on the XRP Ledger (XRPL), humorously suggested that the launch of RLUSD, Ripple’s soon-to-be-released stablecoin, would be “big news” if it hit $1. Since RLUSD is pegged to the U.S. dollar, it is expected to always maintain a $1 value. Vet’s sarcastic comments poked fun at how some in the XRP community tend to label even ordinary developments as explosive.
However, what started as satire quickly went into something more serious when XRP community member and self-proclaimed researcher, Crypto Tank, joined the conversation, building on Vet’s comments to fuel new price predictions.
The Million-Drop Theory
Crypto Tank speculated that if one drop of XRP were ever equal to the value of 1 RLUSD, this would mean that a single XRP token, which consists of 1 million drops, could be worth $1 million. Currently, XRP is divided into drops much like Bitcoin is broken down into satoshis. Despite this, drops are rarely mentioned in everyday discussions due to XRP’s relatively low price.
As XRP’s price hovers around $0.58, Crypto Tank’s theory remains a distant fantasy for now. But he insists that once XRP reaches higher prices, possibly surpassing $1, the use of drops could become more practical in everyday transactions.
Is It Possible?
While Crypto Tank believes this scenario is “100% possible,” it remains an audacious speculation. XRP Healthcare’s Head of Social Adoption, Edward Farina, has similarly hinted that XRP could become so valuable that users would need to move it in drops instead of whole tokens. However, the idea of XRP hitting $1 million is still far-fetched and purely speculative at this stage.
With market excitement building, getting into XRP before it breaks the $1 mark could offer serious upside potential. Sure, the crypto scene is volatile, but with the SEC case possibly wrapping up soon, XRP might be on the verge of a big push. A clear path forward could see XRP soar, and buying the dip now could be a savvy move before prices take off. Ready to buy the dip?