since XRP’s rally late last year many media
outlets have been asking when it will give back those impressive gains So far XRP’s answer has
been never as its price has remained resilient for months Now it looks like XRP is on the brink of
another massive breakout one that could take its price much higher than anyone could have expected
And this big move could begin by the end of the month And that’s why today we’re going to bring
you up to speed on everything that XRP has been up to examine how high it could go in the coming
months and reveal the catalysts that could take it there My name is Nick Stay tuned First things
first you need to know that nothing in this video is financial advice It’s just educational content
intended to inform you about XRP Also do note that uh nobody at the Coin Bureau team holds XRP as
part of their personal portfolio but some of us do hold altcoins in XRP’s ecosystem as a higher beta
bet on XRP And if you want to know which altcoins we do hold and which ones we’re personally
considering accumulating then become a member of the Coin Bureau Club That’s where we review
small cap altcoins every single week post crypto alpha every day and discuss emerging narratives
in the members Discord The link will be down below Now it’s only been about 3 months since we
last covered XRP but a lot has happened since then Shortly after our last review went live Ripple CEO
Brad Garlinghouse announced that the SEC would be dropping its appeal in its case against Ripple
which is not surprising given the SEC’s recent change in leadership But apparently the story
isn’t over According to a subsequent Coindesk report the judge in the case rejected the $50
million settlement between Ripple and the SEC arguing that it was quote procedurally improper To
our understanding this means that the legal issues between the SEC and Ripple are still technically
ongoing but do note that this has no impact on XRP Anyways another big milestone for XRP in March
was the launch of a test net of its XRPL EVM side chain Now for reference this is a Cosmosbased
blockchain currently in development that will support Ethereum style smart contracts and use
XRP to pay for these fees And as we’ve noted in our previous XRP updates the launch of this
EVM side chain is arguably the most important milestone coming for XRP And that’s simply because
it will significantly increase its programmability making it possible to do things like borrow stable
coins against XRP in DeFi And this could result in an enormous injection of cryptonnative liquidity
into XRP’s ecosystem that could spill over into other EVM and Cosmosbased blockchains Almost 100
crypto projects are building on the XRPL EVM test net with MetaMask and other major crypto wallets
adding support for it in recent months Although no official date has been set for the mainet launch
of this side chain comments made by Garlinghouse and multiple posts on X suggest that it could
happen or at least be announced later this month at the ETHCC conference in Paris Now for
those unfamiliar the ETHC conference is one of the most important conferences for everything EVM
and it will take place from June 30th to July 3rd So mark your calendars and uh while you’re at it
take a second to smash that like button down below and make sure you’re subscribed as well because
apparently 34% of you forgot And you may as well ping the bell as well to make absolutely sure you
get a notification for our next upload Back to the video Now April is when things started getting
exciting for XRP First Ave the largest lending and defy borrowing protocol added support for Ripple’s
RLUSD stable coin In retrospect it was obvious We previously noted how RLUSD supply had been growing
significantly on Ethereum Next thing you know it’s been integrated into the top D5 protocols
presumably in preparation for the XRPLEVM On that note the XRP Ledger Foundation simultaneously
published a blog post talking about the expansion of XRP’s DeFi ecosystem Logically this suggests
that DeFi is going to be the focus for XRP in the coming months which is likewise consistent with
the upcoming XRPL EVM launch And FYI it’s likely that XRP will be used as collateral to borrow
RLUSD which will be beneficial to both Ripple and XRP Speaking of which you probably heard the
news that Ripple acquired a prime broker called Hidden Road in April and this will reportedly
increase the demand for both XRP and RLUSD as both assets will be used in its clearing process
But it’s not entirely clear how or when Well for what it’s worth Hidden Road recently announced
OTC crypto swaps So chances are we’ll get more announcements like that very soon Anyhow another
important development for XRP that took place in April is probably one you didn’t hear about and
that was the news that another vulnerability had been found in XRP’s code And if you watched
our previous video you’ll know that a lot of vulnerabilities have been discovered in the code
over the last couple of years And there was even an outage back in February We’ll come back to
that a bit later Now on a more positive note Coinbase received approval from the CFTC to
launch XRP futures back in April And shortly after that the Chicago Merkantile Exchange or CME
listed XRP futures as well Now some of you might recall that the CME had accidentally noted this
on its website earlier this year And you might even remember that this meant the CME would
launch XRP futures just because the same had happened with Soul futures If you don’t know why
this is so important it’s essentially because it increases the chances that the spot ETFs for XRP
and Soul will get approved by the SEC And this is probably why Bloomberg ETF analysts currently have
the odds of a spot XRP approval in 2025 at 85% Soul is at 90% in case you were wondering On that
note the SEC recently delayed its decision about multiple spot altcoin ETFs including the XRP ones
According to those affforementioned Bloomberg ETF analysts the final deadline for most altcoin ETFs
including those of XRP is October this year and they could bring billions of dollars of inflows
into altcoins And that reminds me there have been lots of interesting developments when it comes
to the institutional demand for XRP For starters a publicly traded pharmaceutical company called
Wellistics Health announced it would use XRP for payments and that it would accumulate XRP as part
of its $50 million raise A publicly traded Shafir service called Weebus International announced
that it would use XRP for payments and would likewise accumulate XRP as part of a $300 million
raise News flash but this suggests that we could start seeing more publicly traded companies adopt
a Bitcoin treasury strategy but with XRP instead of BTC Not only that but Hashkey announced that
it would offer XRP to institutional investors in Asia and Ripple announced it had launched
its crossborder crypto payments product in the UAE And earlier this month Dubai regulators
also gave the green light to Ripple stable coin as a cherry on top Coinbase announced that it
had launched a wrapped version of both XRP and Doge on base And this will make it easy for XRP
holders on Coinbase to use their XRP in DeFi on one of Ethereum’s largest layer 2 As with the
XRPLE EVM side chain this will increase crypton native liquidity The difference in this case is
that this crypto native liquidity will probably flow mostly into other cryptos on base And this
brings me to the moment you’ve all been waiting for and that’s XRP’s price action and potential
I’ll start by saying that Apex 2025 one of XRP’s largest events is currently underway at the time
of shooting this video And chances are that there will be one or more catalysts that cause XRP
to pump in the short term As you can see the Ballinger band moving average on the weekly is
a perfect indicator for when XRP is in a bullish trend or in a bearish trend When it’s above this
moving average it’s in a bullish trend And when it’s below it it’s in a bearish trend Well it’s
on the brink of breaking back above this moving average And any major announcements out of Apex
2025 could be the catalyst that does the trick And when you zoom out to XRP’s monthly chart you’ll
notice something truly fascinating Perhaps we’re mistaken but XRP’s price action in recent months
looks almost identical to early 2021 just before it went parabolic Obviously history doesn’t repeat
but it does rhyme And in this case it’s rapping In all seriousness the fact of the matter is
that there are lots of upcoming milestones that could take XRP much higher in the coming
months And this begs the question of how high it could go believe it or not But the XRP chart
also has the answer Not the XRP price chart but its market cap chart XRP’s market cap appears
to be painting a bull flag If it breaks out it could hit a market cap of almost $300 billion and
this would translate to an XRP price of around $5 which is the same price target we noted in our
previous video This time around however we reckon it’s worth expanding on what could happen when
or if this price target is indeed hit Of course almost every XRP holder is watching $5 carefully
And this is mostly because XRP’s price has been chopping around 50 prior to its 2024 pump Uh five
bucks would then be a 10x from that average price XRP traders and Wales probably know this and
this could create lots of volatility around the $5 level On the one hand it could result in XRP
topping out around $4.5 as traders and long-term holders take profit just before the $5 level to
try and get out before most other investors On the other hand it could result in XRP Wales purposely
pushing its price above $5 say to $6 or $7 And this would cause many investors who sold
XRP below $5 to FOMO back in expecting it to rally to the next key psychological level of $10
We suspect that this second scenario is the most likely due to all the additional cryptonative
liquidity that’s going to be coming into XRP’s ecosystem And this will make it very easy for
XRP whales to borrow stable coins against their XRP to buy more XRP pushing its price even higher
And this would also increase the value of their collateral allowing them to borrow even more
money without having to sell any XRP which of course also allows them to avoid any taxable gains
And this is extremely important to note because it suggests that XRP could have a prolonged topping
pattern rather than a parabolic blowoff top with XRP’s price chopping between $4 to $6 for weeks
maybe even longer And if you want to maximize your returns when XRP resumes its uptrend then
check out the Coin Bureau deals page down below That’s where you’ll find sign up bonuses of up to
$100,000 trading fee discounts of up to 50% and cash backs on deposits of up to 75% on the best
crypto exchanges around You see these deals well they won’t be around for long So take advantage
of them ASAP using the link down below or this QR code right over here Now whether XRP could rally
to $6 or more ultimately depends on its upcoming milestones While there is no official road map
for XRP there’s no shortage of milestones to be found if you look around We’ve already covered
two of these the upcoming XRPL EVM side chain and the spot ETFs Two additional milestones can
be found on the XRPL website and these are the implementation of smart contracts and automated
market makers Now for those unfamiliar the XRP ledger has limited smart contract functionality
And this is good for stuff like crossber payments as it keeps costs low and congestion low but it’s
bad for stuff like tokenized RWAs and other such use cases And this includes stable coins Hence
why most of RLUSD’s supply is on Ethereum and why the second largest chain for RLUSD will be the
XRPL EVM after it launches In case it wasn’t clear enough Ripple is focused on growing its stable
coin as much as possible And this is unfortunately bad news for XRP as RLUSD could replace it in many
of Ripple’s use cases But it could also be good news as reserve revenue could fund XRP’s expansion
In fact Brad Golinos effectively confirmed this in an interview earlier this year He specified that
Ripple’s goal is to turn RLUSD into a top five stable coin by market cap and that Ripple’s
sales of XRP could decline as it earns more revenue from reserves on its stable coin Combine
this with whales selling less XRP because they can borrow against it and you get less supply
with the same or more demand The caveat though is that Ripple President Monica Long confirmed in
an interview that they’re planning on making more large acquisitions like Hidden Road to further
increase RLUSD’s adoption And uh chances are that these purchases will be financed primarily from
Ripple selling XRP To put things into perspective XRP supply has grown by roughly 800 million
since March assuming an average price of around $2 per XRP during this period And that means that
more than $1.5 billion of XRP could have been sold And again most of this new supply is coming
from Ripple’s monthly escrow In theory this selling pressure will subside as RLUSD grows and
Ripple gets more and more of its revenue from its reserves In practice this isn’t guaranteed
Garlinghouse seem to be nervous about the prospect of big banks getting involved in stable
coins after stable coin regulations are passed It goes without saying that stable coins issued
by mega banks could eat into the market share of cryptonative stable coins As a newer and smaller
stable coin RLUSD is especially vulnerable to this competition And this means that its dominance
could shrink rather than grow after stable coin regulations are passed in the US In turn this
could force Ripple to sell more XRP to finance its operations and expansion Alternatively Ripple
could IPO which would allow the company to raise lots of capital without having to sell much if any
XRP But back to XRP itself there’s one upcoming catalyst that everyone seems to have forgotten
about and that’s the US government officially announcing which altcoins it’s going to hold as
part of its so-called digital asset stockpile Now to refresh your memory Trump announced that
XRP would be one of the cryptos included in this stockpile which will consist primarily of
cryptos that were seized by US law enforcement There’s just one problem and that’s the fact
that a recent Politico report claims that a lobbyist with connections to Ripple was the one
who pushed Trump to make this announcement and that when Trump found out about this he was
furious And this means it’s possible that XRP won’t be included as part of this digital asset
stockpile either because Trump doesn’t want it to be or because it was never going to be And this of
course brings me to the challenges that we foresee for XRP And the first challenge is perhaps
the most significant and that’s development The XRP ledger itself launched almost 13 years
ago and developers are still finding bugs and technical issues Now to be fair a lot of these
bugs are related to the XRP ledger’s ongoing development Even so this is probably not inspiring
confidence among institutional investors that are interested in using the XRP ledger for things
like tokenized RWA Now to be clear the XRP ledger is already being used for some tokenized RWAs
but our point is that bugs and outages suggest additional adoption could be limited Fortunately
the XRPLE EVM side chain will help Unfortunately it will be a brand new when it launches meaning it
won’t be a battle tested enough for institutions to feel comfortable issuing or depositing large
amounts of assets on its chain in size Thankfully Ripple could make institutions more comfortable
by testing new developments like tokenized assets with its subsidiaries like Hidden Road And this
ties into XRP’s second challenge though and that’s adoption On Ripple’s side the biggest headwind to
adoption will be Trafier institutions like asset managers and mega banks getting more involved in
crypto thanks to better crypto regulations Ripple will face intense competition from these entities
And as noted earlier the result could be limited adoption of its products whether they use RLUSD or
XRP On XRP’s side the biggest headwind to adoption is the enormous gap between holders and users
Onchain analysis suggests that there are millions of holders but just tens of thousands of users In
other words most people aren’t actually using XRP They’re just speculating on its price Even though
this usage is likely to increase substantially with the launch of the EVM side chain and most of
this increased usage will likely involve using XRP as collateral to borrow RLUSD Make no mistake
this will be huge for its price in the short term but for it to continue heading higher long
term the XRP ledger and or the XRP EVM side chain will need to start providing more elaborate use
cases And this relates to XRP’s third challenge and that’s the potential buildup of leverage
in XRP’s ecosystem both off-chain and onchain Off-chain leverage includes stuff like publicly
traded companies borrowing hundreds of millions of dollars to buy XRP And once again this will
be huge for XRP’s price in the short term But if these companies become forced sellers during the
bare market it could tank XRP’s price as a result Then when it comes to the onchain leverage
component this includes everything I’ve been talking about in this entire video and that’s
the large amounts of borrowing we’re likely to see using XRP as collateral Do note that this is
not unique to XRP We’re also likely going to see billions of dollars of borrowed capital using
BTC ETH and Soul as collateral The difference is that XRP is unlikely to have the same amount of
onchain liquidity as these other cryptos And this means that XRP would be more vulnerable to DeFi
liquidations compared to other large cap cryptos when there is a downturn Combine this with the
possibility that publicly traded companies will be forced to sell their XRP in a bare market and you
have a recipe for a massive liquidation event that could take it to unprecedented lows For what it’s
worth this is a risk that’s present with every other crypto Objectively speaking XRP is looking
good here as they say on crypto Twitter And most of the challenges I just noted are unlikely to
have a meaningful effect on its price potential in the coming months assuming they materialize at
all I’ll also remind you that there are a lot of bullish milestones also coming up for XRP and
these will likely offset any headwinds created by the challenges XRP could face in the coming
months Finally keep in mind that there will be many more milestones unrelated to XRP that could
take the entire crypto market higher including XRP And you can use that link in the top right to
watch a video which explains exactly what these milestones are And if you’re not subscribed to
the channel yet you can do that right over here This is me Nick signing off Thank you very much
for watching and I’ll see you guys again soon
