According to crypto community figure Luke Thomas, the XRP community may experience significant developments related to Ripple and XRP in the upcoming months.
Thomas has outlined 11 potential events that could enhance Ripple’s standing within the finance industry and strengthen XRP’s role in digital finance. His insights follow Donald Trump’s recent victory in the U.S. presidential election, a factor that he believes could influence some of these outcomes.
Stablecoin and XRP-Focused ETFs
Thomas foresees a regulatory shift around stablecoins that could enable Ripple to launch its highly anticipated stablecoin, RLUSD. While Ripple has partnered with key exchanges for RLUSD’s distribution, the project awaits regulatory approval.
In a related development, Thomas suggests that the U.S. may soon see major financial institutions filing applications for XRP-focused spot ETFs. He draws parallels with Bitcoin ETFs, such as those launched by BlackRock and others, which have gained substantial interest.
Should XRP ETFs be approved, Thomas believes they might stand alone or be bundled with other top cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Solana.
Asset managers like Canary Capital, Bitwise, and 21Shares have already submitted proposals for XRP ETFs. Additionally, Grayscale has requested regulatory clearance to convert its multi-asset trust which includes XRP, into an ETF.
Potential Ripple vs. SEC Settlement and New Administration Influence
According to Thomas, one of the most anticipated developments is a possible settlement in the ongoing legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC). While the case is progressing toward appeal, with a briefing deadline set for January 2025, Thomas speculates there could still be a resolution involving the $125 million bond previously set by the court.
A key factor in this projection is the recent political change. Thomas suggests that a new Trump administration might lead to the replacement of SEC Chair Gary Gensler, potentially impacting the lawsuit’s trajectory if new management is appointed to the SEC.
Future of Ripple: IPO and Acquisitions
Ripple’s potential plans for an Initial Public Offering (IPO) also feature prominently in Thomas’s projections. Although Ripple previously ruled out a U.S.-based IPO due to regulatory uncertainty, Thomas argues that the shifting political landscape could pave the way for Ripple to list publicly, possibly as early as Q3 or Q4 of 2025.
Following a successful IPO, Thomas anticipates that Ripple may engage in strategic acquisitions, particularly in the Real-World Assets (RWA) sector. He suggests that the funds raised from the IPO could enable Ripple to broaden its product offerings, especially in asset tokenization. Ripple’s acquisition of Metaco demonstrates its growing interest in tokenizing real-world assets, a market Thomas believes Ripple will aggressively target post-IPO.
Strengthening XRP Adoption and Utility in Financial Institutions
Thomas forecasts a rise in bank adoption of XRP, especially among U.S. banks, for cross-border transactions. He speculates that one of the top five U.S. banks might make a firm commitment to integrate XRP for these purposes, though he acknowledges this is largely speculative.
Additionally, he believes the upcoming wave of regulatory oversight will lead to a market shift away from meme coins and non-utility tokens, favoring utility-focused assets like XRP that provide tangible benefits in financial services.
In his analysis, Thomas also foresees an increased focus on utility tokens as regulations potentially push less functional tokens out of the market. He anticipates this change will reinforce XRP’s role, particularly as banks explore the utility of crypto assets in traditional financial services.
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Expanding XRP Use Cases: SWIFT Integration and CBDCs
A potential partnership between Ripple and SWIFT is another development Thomas envisions, though he admits this prediction is speculative. Should such a partnership materialize, SWIFT could leverage Ripple’s XRP Ledger (XRPL) technology to improve its financial messaging services. Although current circumstances make this outcome unlikely, Thomas sees it as a possibility that would greatly benefit both entities.
Additionally, Thomas believes Ripple will continue its efforts to position itself within the Central Bank Digital Currency (CBDC) sector, enhancing its presence in crypto-fiat conversions and stablecoin solutions.
Expanding Accessibility and Achieving Trillion-Dollar Valuation
Thomas’s analysis extends to the broader accessibility of digital assets. He predicts that banks may soon offer custodial and trading services for cryptocurrency, allowing Generation X and Baby Boomers to manage digital assets within traditional banking apps. This development could increase crypto adoption and ease of access for a wider demographic.
Ultimately, Thomas foresees Ripple’s expanding global reach and favorable regulatory support, setting the stage for the firm to become a leading player in the digital finance landscape.
He suggests that the right regulatory environment and viable products could help Ripple become the first cryptocurrency company to exceed ten trillion dollars in valuation. While this goal is highly ambitious, Thomas maintains that Ripple’s international footprint makes it plausible.
In summary, Thomas’s projections underscore the potential for substantial advancements in Ripple’s operations, XRP’s market presence, and the evolving role of digital assets in global finance.
Whether through new products, regulatory outcomes, or financial partnerships, the next three to nine months could bring transformative developments for Ripple and the broader XRP community.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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