Popular Web3 Growth Manager Cas Abbé asserts that the end of the Ripple lawsuit sets the stage for a further XRP rally to the double-digit range.
Abbé made the declaration in an X thread over the weekend as he highlighted the impact of the lawsuit’s resolution on XRP’s price.
The expert indicated that the lawsuit’s resolution has already been priced in, as the price of XRP spiked over 500%—from around $0.5 to $3.3–during Q4 2024.
3 Factors That Could Send XRP Above $10
While many think XRP’s rally has ended following the lawsuit’s resolution, Abbé asserted that the coin could see more gains. He highlighted three bullish catalysts that could send XRP’s price above $10 following the lawsuit’s conclusion.
XRP ETF Approval
Following the lawsuit’s resolution, Abbé suggests that regulatory clarity is now in place for XRP in the U.S. This has prompted over 10 institutions, including Franklin Templeton, to file for spot-based XRP ETFs. He predicted that other top asset managers like BlackRock and Fidelity could also seek the SEC’s permission to launch XRP ETFs in the U.S.
The expert noted that PolyMarket predicts an 83% probability of XRP ETF approval in 2025. Abbé noted that institutions might invest in these funds if this prediction materializes due to XRP’s narrative as a payment asset with U.S. government backing and regulatory clarity.
He expects the ETF approval to impact XRP’s performance by paving the way for a significant rally.
RLUSD Adoption
In addition, the expert points out that the lawsuit’s conclusion could drive the adoption of Ripple USD (RLUSD), which would positively impact XRP’s price.
According to Abbé, the U.S. government is already bullish on stablecoins, especially those pegged to the U.S. dollar. Abbé suggested that the government aims to leverage USD-pegged stablecoins to maintain its dollar hegemony.
In his view, Ripple intends to achieve a similar goal through its RLUSD stablecoin, which is backed by U.S. dollar deposits, government bonds, and cash equivalents.
Explaining how RLUSD might benefit XRP, Abbé characterized the stablecoin as digital cash for the dollar and XRP as the ‘global courier’ connecting everyone, including banks. Abbé indicated that as banks attempt to integrate with digital dollars through RLUSD, XRP will serve as a bridge currency, eliminating the need for multiple currency conversions.
He emphasized that the narrative is similar to how USDT adoption supposedly drove Bitcoin’s market cap to over $2 trillion and USDC adoption pumped ETH valuation to over $600 billion. Consequently, he forecasted that the massive adoption of RLUSD will also be bullish for XRP’s growth.
Ripple IPO
Lastly, the expert noted that 2025 might finally be the year for the highly anticipated Ripple IPO due to the U.S. pro-crypto administration and XRP regulatory clarity.
Abbé suggested that a Ripple IPO is a big deal as it could allow the company to venture into multiple markets, such as real-world assets, decentralized finance, and others. He expects this expansion to attract more revenue for Ripple, with XRP poised to benefit significantly, increasing its value over time.
Interestingly, Abbé expects these factors to drive XRP’s price above $10, marking a surge of 376.19% from the current value of $2.1.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
