The price of XRP rose 21% in the last seven days and 13% in the last 24 hours, trading at $2.69 at press time – just as stablecoin Ripple USD (RLUSD) was launched on the network .

XRP was launched in 2012 by the co-founders of Ripple Labs, but the company has gone to great lengths to emphasize that it is not the issuer of the token. Still, crypto traders know there is a connection and tend to view good news for Ripple Labs, such as the approval of its new stablecoin by New York regulators, as an indicator that the XRP price will rise.

The founder of Obchakevich Research, Alex Obchakevich, told Decipher The “XRP has the largest growth among the top 10 cryptos in the past week,” with its growth significantly outpacing Bitcoin’s 10 percent gain over the same period.

“XRP has been consolidating in this bull flag for some time, but once it clears $2.60 resistance, I think it will take off and head towards $4,” he added.

Jake Ostrovskis, head of the over-the-counter trading desk at Wintermute, said Decipher that “XRP has benefited from being ‘known’ in retail circles, while optimism surrounding the new US administration is prompting traders to push ahead with a possible Exchange Traded Fund (ETF) launch.”

The comments follow a late November filing from New York asset manager WisdomTree. This makes WisdomTree the latest company to express interest in launching an XRP spot ETF product.

Adam O’Neill, Chief Marketing Officer at Bitrue Exchange, said Decipher that “since XRP ETFs are also a likely event in 2025, we would expect a new all-time high for this coin by the end of the first quarter at the latest.”

He also added that the platform “expects demand for XRP to increase by 2025 because so many pieces fit together.” He emphasized that the company’s battles against regulators “now appear to be a thing of the past” and that XRP “will be a big beneficiary of Trump’s pro-crypto administration.”

O’Neill also noted that

Meanwhile, Ripple is set to launch its RLUSD stablecoin today, with some analysts believing it will play a role in boosting market demand for XRP.

Obchakevich said that “the launch of RLUSD will also play an important role that will allow Ripple to consolidate its position in the market and continue its growth.”

“According to my predictions, RLUSD will enter the top 100 cryptocurrencies in the first few days with a market cap of more than $1 billion,” he added.

O’Neill also noted that Ripple-USD transactions “burn a small amount of XRP as a gas fee, which over time will increase the scarcity of XRP and lead to higher prices for the coin.” He believes that “the “The successes of these two assets are linked and investors have recognized this connection.”

Edited by Stacy Elliott.