Five key reasons why industry experts remain bullish on XRP

XRP community commentator Levi Rietveld recently shared key insights supporting XRP’s bullish outlook, specifically highlighting Ripple’s RLUSD stablecoin and its potential for banking integration.

Ripple continues to attract attention in the financial sector as the company is developing the RLUSD stablecoin. As the Ripple stablecoin project inches closer to launch, the community is speculating on its potential uses and impact on global finance.

Rietveld’s recent comments highlight a key aspect of Ripple’s RLUSD stablecoin and its expected integration with the banking system.

RLUSD stablecoin and bank integration
According to Rietveld, the RLUSD stablecoin is expected to play an important role in the banking and financial system. Unlike existing stablecoins such as USDT and USDC, RLUSD is designed specifically for banks, providing compatibility with existing financial infrastructure.

Ripple has reportedly built systems to facilitate the use of RLUSD by banks, positioning the stablecoin as a utility for institutions looking to integrate digital currencies. Rietveld sees these developments as bullish for XRP, especially considering that RLUSD will be launched on the XRP Ledger this year.

Notably, Ripple’s efforts also extend to partnerships with financial institutions in Japan and South Korea. These collaborations highlight the growing interest in using XRP Ledger (XRPL) and RLUSD for cross-border payments.

Rietveld believes that the integration of stablecoins could replace traditional systems such as SWIFT, potentially redirecting trillions of dollars in transaction volume to XRPL. This emerging role makes RLUSD and XRP potential disruptors in global finance, especially as more institutions explore blockchain-based payment solutions.

Recognition and market influence
Rietveld also noted that Ripple’s initiative has been noticed by financial institutions around the world. In particular, the International Monetary Fund (IMF) and the World Bank have recognized Ripple and XRP as leading solutions for cross-border transactions.

Overall, Rietveld’s analysis suggests that as large-scale transactions involving RLUSD become more common, XRP could see significant price gains. He believes that the integration of XRP and stablecoins in the banking system will significantly increase the market value of XRP, and suggests that XRP could reach $10 in the next 12 months.

Testing and community response
Ripple’s ongoing testing of RLUSD has also attracted attention, especially after the latest issuance of 485 RLUSD tokens on September 24. The launch brought the total supply of the stablecoin to 563 tokens and attracted significant attention in the XRPL community.

According to XRPL dUNL validator Vet, there has been discussion on whether the growing presence of RLUSD could enhance XRP liquidity on decentralized exchanges. However, Vet clarified that RLUSD’s transaction fees are low, primarily to prevent spam. However, on-chain activity in stablecoins can still enhance the overall liquidity of XRP and other assets.

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