How will this event impact the price of Ripple's cryptocurrency?

XRP has a high probability of continuing to rise in price.
It will be necessary for bitcoin and the market, in general, to accompany this movement.
XRP (XRP) is one of the standout cryptocurrencies at this stage of the bullish cycle of digital assets.

The cryptocurrency issued by Ripple Labs has begun a rapid price surge that started with Donald Trump's victory in the United States presidential elections. Additionally, the launch of Ripple USD (RLUSD), a stablecoin issued by Ripple, has pushed favorably for XRP.

Binance.US expects digital assets to anchor conventional finance by 2025, despite ongoing legal battles with the SEC that the company claims have hindered innovation.
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The interim CEO of Binance.US reflects on the challenges and looks to the future of crypto in 2025
The interim CEO of Binance.US, Norman Reed, has shared his thoughts on the challenges and growth prospects of the platform as it approaches 2025, highlighting the changing role of digital assets in the broader financial landscape. Reed emphasized the resilience of the cryptocurrency sector despite regulatory hurdles in a blog post published last week, stressing the long-term potential of digital assets. He said:

Bo Hines to lead 'crypto industry luminaries' advising President Trump
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Trump has made numerous promises related to bitcoin and cryptocurrencies.
Hines argues that cryptocurrencies will be a pillar in the technological advancement of the US.
“Bo Hines will be the executive director of the Presidential Council of Advisors on Digital Assets (the Cryptocurrency Council).” These words, published by the US president-elect on his Truth Social network, confirm that the politician has already decided who will occupy that role.

The central bank surprised with much less optimistic forecasts than expected.

The correction in the cryptocurrency market is total. Bitcoin (BTC) has lost more than $10,000 in value since the highs marked on the 17th of last Tuesday. At the same time, the market has lost 7% of its market capitalization in the last 24 hours. Are there reasons for concern?

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The reality is that the market is unclear. Some strategists point out that bitcoin and cryptocurrencies' reaction to the latest monetary policy decision by the Federal Reserve (Fed) underscores bitcoin's vulnerability to external factors. It is worth noting that the U.S. central bank has recently lowered interest rates but announced that it will lower them fewer times than expected in 2025 and that its projections for next year are less optimistic: inflation will rise due to greater economic growth and lower unemployment.

The Senate Banking Committee's vote for the renomination of SEC Commissioner Caroline Crenshaw was canceled.
Crenshaw is eligible to serve on the Commission until a replacement is announced, subject to Donald Trump's decision.
Cryptocurrency advocates sent over 100,000 emails to Senator Sherrod Brown, arguing against Crenshaw's renomination.
The Senate Banking Committee had scheduled a vote for Wednesday on the reelection of Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw, but this vote was canceled on Tuesday. As a result, the Committee will not renominate Crenshaw at this time; however, she remains eligible to serve until a replacement is found.

New all-time highs and an optimistic market anticipate increases of up to 200%.
2025 could mark a new milestone for the cryptocurrency market, with a scenario driven by institutional adoption, growing legitimacy, and global economic factors. Analysts from the asset manager Bitwise anticipate that Bitcoin, Ether, and Solana could soar by up to 200%, reaching all-time highs never seen before.

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1. Bitcoin (BTC): heading towards 200,000 dollars

Bitcoin, the undisputed leader of the crypto market, could double its current value. Analysts project that BTC will reach 200,000 dollars driven by:

The launch of RLUSD and whale investor interest significantly boost XRP. What does this mean for its future?
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XRP became the best-performing large-cap cryptocurrency on Monday following the launch of RLUSD, a stablecoin from Ripple Labs backed by U.S. dollars.
What happened

The payment-focused cryptocurrency rose 3.51% in the last 24 hours, outperforming Bitcoin and Ethereum.

With the latest momentum, XRP's monthly gains soared by 138%, the largest among cryptocurrencies in the top 10 by market capitalization.

Binance, Crypto.com, Kraken, and other cryptocurrency exchanges continue to include Tether's USDT on their EU platforms weeks before the MiCA final deadline on December 30.

Cryptocurrency exchanges in Europe continue to support Tether's USDt stablecoin, even after Coinbase announced its delisting for European customers to comply with upcoming regulatory requirements.

Major exchanges, including Binance, Crypto.com, and Kraken, have maintained support.

Despite a recent correction in the markets, crypto whales are multiplying their purchases of Bitcoin (BTC), Cardano (ADA), XRP, and Dogecoin (DOGE). This accumulation strategy during periods of decline could herald significant developments in the market.

Intense activity in the crypto market
The last 24 hours have seen an increase in activity among institutional and wealthy individual investors, dubbed 'whales'. According to recent data, these major players are taking advantage of the correction to buy massively Bitcoin (BTC), Cardano (ADA), XRP, and Dogecoin (DOGE).

The advancement of quantum computing, a topic of global interest, returned to the center of debate with Google's launch of the Willow chip. Despite speculation about the possible impacts on Bitcoin's security, experts assure that the threat is still distant.
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Among them, Adam Back, co-founder of Blockstream and 'friend' of Satoshi Nakamoto, was categorical in refuting the concerns.

Last week, Chamath Palihapitiya, engineer and investor, stated that Bitcoin could be vulnerable within two to five years if it does not adopt quantum-resistant security algorithms.

Michaël van de Poppe predicts that Ethereum's bullish rally will resume in late 2024 and last until 2025, supported by key resistance tests.
IOMAP data shows robust support at $3,715, establishing a base for potential rallies to $4,500 in a bullish scenario.
The price of ETH must stay above $3,505 to confirm bullish momentum, with potential gains up to $4,500 if volume increases.

Analyst Michael van de Poppe believes that Ethereum's (ETH) bullish rally in 2024 remains intact, even after failing to maintain the $4,000 level. Sharing his thoughts on X (formerly Twitter), he highlighted the key factors supporting his outlook.

The price of XRP rises following the announcement of Ripple USD.

Ripple has formed partnerships with exchanges for the launch of this new cryptocurrency.
If RLUSD works correctly, it should maintain parity with the US dollar.
The company Ripple has announced that its new stablecoin, Ripple USD (RLUSD), will be available on global exchanges starting tomorrow, December 17, 2024.

RLUSD, which must always be valued at 1 dollar, will be backed by deposits in US dollars, US government bonds, and cash equivalents, aiming to ensure its stability and liquidity.

CryptoQuant CEO Ki Young Ju says that the altcoin season is no longer determined by a rotation of capital from Bitcoin, but by an increase in trading volume of altcoins for stablecoin pairs.

The cryptocurrency market could be on the verge of the long-awaited altcoin season (altseason), much to the delight of speculative traders, but the determining factors may have changed, according to a prominent market analyst.

The 'liquidity of stablecoins' will determine the next altseason.

The Cardano ecosystem offers access to decentralized exchanges and DeFi platforms.
At the end of December, ADA holders must ratify the approval of the new Constitution.
On December 5, 2024, the Cardano (ADA) community approved the new Constitution that will determine a more decentralized governance and encourage the participation of ADA holders, the native token of this network.

Although ADA holders still need to ratify the document for it to come into effect, the first approval, reported by CriptoNoticias, could promote the adoption of the Cardano ecosystem and, why not, boost the price of its cryptocurrency.

A popular cryptocurrency analyst warned Dogecoin (CRYPTO:DOGE) traders on Thursday not to focus too much on the cryptocurrency, as its movements are tied to what Bitcoin does.
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What happened

Kevin, known for sharing information and predicting price movements for the cryptocurrency, stated: "My position is that DOGE is not self-governing and its fate lies purely in the hands of BTC at this moment, so overly focusing on the asset is a waste of time."

The launch will be "soon," according to Garlinghouse.
NYDFS granted final approval for the cryptocurrency.
"RLUSD will launch soon!" the company Ripple announced this afternoon through its X account.

The announcement comes minutes after the New York State Department of Financial Services (NYDFS) granted them approval for the launch.

Brad Garlinghouse, CEO of Ripple, confirmed the news: "We have final approval from NYDFS for RLUSD! The list of exchanges and partners will be available soon."

The price of Dogecoin recovers to the $0.40 zone on Wednesday, rising 10% from the 20-day low of $0.36 reached on Tuesday.
The number of wallets holding DOGE increased by 60,000 between December 2 and December 11, indicating an influx of new participants buying the dip.
The Volume Delta technical indicator shows that DOGE's rebound is supported by a significant increase in market liquidity.
The price of Dogecoin reclaimed the $0.40 territory on Wednesday, as bulls staged a 10% rebound in the last 24 hours. On-chain data trends for DOGE show that a large number of new participants capitalized on the cryptocurrency market correction phase to buy the dip.