$15 by March 2025 Amid Ripple’s RLUSD Launch and SEC Legal Victory – Analyst’s Bold Ripple Price Prediction – XRP News Today
January 7th, 2025 at 1:45 pm UTC · 4 mins read
/PlutoChain/ – XRP is on the rise, with a recent surge of 7% over this past week.
This upswing follows Ripple’s landmark legal win against the SEC, which cleared the fog around its regulatory status and set the stage for exciting developments.
Among them is the launch of RLUSD, a regulated stablecoin approved by the New York Department of Financial Services, which promises to strengthen Ripple’s ecosystem.
Some market participants are even suggesting that XRP could hit $15 by March 2025.
At the same time, a new project could also catch attention – PlutoChain ($PLUTO).
This powerful Layer-2 solution could upgrade Bitcoin’s blockchain by enabling smart contracts and decentralized applications, which may unlock new capabilities for the network.
Let’s explore what’s happening.
XRP to $15 by March 2025 – Is It Realistic or an Overly Optimistic Target?
XRP is trading at approximately $2.46 according to CoinGecko data, with a 316% rise over this past year.
Currently, XRP faces resistance at $2.55 and $2.63, marking critical levels for upward momentum.
The 200-day moving average hovers near $2.58, as a significant barrier. A sustained breakout above this level could signal a bullish reversal. Support levels sit at $2.37 and $2.32, with a breach likely leading to further declines.
The Relative Strength Index (RSI) for XRP is hovering around 45, indicating a neutral market sentiment.
However, a rise above 50 could signal increased buying pressure.
Meanwhile, the MACD (Moving Average Convergence Divergence) shows a slight bullish divergence, hinting at potential upward momentum if confirmed by higher trading volumes.
Crypto analyst Man of Bitcoin believes that XRP has likely begun its wave-(D) move to the upside, projecting an ideal target range between $2.43 and $2.54.
However, he also warns traders to remain cautious, as alternative scenarios could still play out, potentially impacting the trajectory.
Can PlutoChain Bring Smart Contracts to Bitcoin and Activate the Network’s Full Potential?
PlutoChain ($PLUTO) is working on a Layer-2 solution that could enhance Bitcoin’s blockchain, potentially making it more compatible with smart contracts and decentralized applications (dApps).
Bitcoin’s slower block time of 10 minutes has traditionally made it hard to support advanced features like smart contracts, a gap that other blockchains like Ethereum and Solana have filled with their faster transaction speeds.
PlutoChain might solve this by offering transactions that are processed in as little as 2 seconds on its L2 chain.
This could unlock the full potential of Bitcoin’s decentralized network, allowing developers to create new types of applications while expanding Bitcoin’s role in the blockchain space.
The platform’s testnet is already processing more than 43,200 transactions daily, proving that it’s scalable and ready for real-world use.
One of PlutoChain’s features is its community governance model. This allows users to have a say in updates and changes to the protocol, ensuring that decisions reflect the desires of the community and maintain decentralization.
The platform has built credibility by passing audits from reputable firms such as SolidProof, QuillAudits, and Assure DeFi. This shows that it meets industry standards for security and transparency.
Additionally, PlutoChain is compatible with Ethereum’s Virtual Machine (EVM), which combines Bitcoin’s security with Ethereum’s flexibility.
This integration could help bring new projects to life, especially in decentralized finance (DeFi), NFTs, and even AI applications.
Final Thoughts
PlutoChain ($PLUTO) might just start to grab attention for all the right reasons.
Its Layer-2 solution could be a game changer for Bitcoin, as it potentially enables smart contracts and decentralized apps on a network that’s typically too slow for such features.
With faster transactions and Ethereum compatibility, PlutoChain could open up a whole new world for developers and take Bitcoin to places it’s never been before.
This article is purely informational and should not be interpreted as financial advice. Readers are encouraged to carry out their own due diligence. Predictions involve risk and may not undergo updates.
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