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Ripple’s RLUSD Stablecoin Sparks Million-Drop Theory for XRP

Ripple’s RLUSD Stablecoin Sparks Million-Drop Theory for XRP

DailyCoinDailyCoin2024/09/25 15:31
By:DailyCoin
  • Ripple has ignited the crypto scene with the upcoming launch of RLUSD.
  • Skeptics have challenged the wild claims of the million-drop theory.
  • Strategic moves by Ripple have fueled speculation of a breakout year.

Ripple is gearing up to launch its new stablecoin , RLUSD, and it’s already making waves in the crypto community. As anticipation builds, there’s growing debate over whether RLUSD will give a boost to XRP ’s price. 

Why Ripple’s RLUSD Could Skyrocket XRP’s Value

Some remain skeptical, but a surge of excitement is driving bold predictions about what this could mean for Ripple’s native token. RLUSD is being built on the XRP Ledger , where XRP reigns as the core asset. 

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Analysts have been quick to point out that no new token, including RLUSD, will replace XRP. Instead, it’s expected to supercharge the network’s liquidity and value—much like how new tokens on Ethereum add to its ecosystem without overshadowing ETH. 

Rather than weakening XRP’s role, RLUSD is seen as a key player in amplifying its utility. One theory grabbing attention is the so-called “Million-Drop Theory.” It speculates that if 1 RLUSD is pegged to $1 and tied to one XRP “drop” (the smallest unit of XRP), XRP could skyrocket to a jaw-dropping $1 million. 

Why Crypto Fans Are Eyeing Ripple’s Next Big Move

While this theory is far from verifiable, it’s certainly fueling excitement among investors eager for XRP’s next big move. Crypto influencer “Crypto Tank” took to X (formerly Twitter) to fan the flames, stating:

“1 XRP has 1 million drops. When XRP’s price takes off, drops will become a huge factor. If 1 RLUSD equals $1, and it’s paired with 1 XRP drop, XRP could hit $1 million. David was asked about this but dodged the question. It’s 100% possible.”

RLUSD’s launch isn’t happening in a vacuum—there’s a lot going on around XRP that’s stirring up bullish predictions. Grayscale is rumored to be working on an XRP ETF, the SEC has admitted XRP isn’t a security, and Ripple is cementing big-time partnerships with banks. With these developments in motion, many are betting that 2025 could be a breakout year for XRP.

On the Flipside

  • The “Million-Drop Theory” is highly speculative, with no evidence supporting the claim of XRP reaching $1 million, creating unrealistic expectations.
  • Despite SEC clarity, differing international regulations may limit RLUSD’s global adoption and utility.

Why This Matters

Ripple’s RLUSD launch could significantly boost the XRP Ledger’s liquidity and utility, enhancing XRP’s value rather than competing with it. This development may drive network growth and influence future stablecoin integrations, making it important for the broader crypto community.

To learn more about Ripple’s upcoming events in October, including the Swell conference and the potential launch of a Spot XRP ETF, read here:
XRP Bets Big in October: What Does Ripple Have Planned?

To learn more about the legal battle between Ripple and the SEC, and how it could impact the future of crypto regulation, read here:
SEC Appeal Imminent? Ripple Awaits Decision as XRP Shifts

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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