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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.