These have been boom times for Bitcoin (BTC). But while the leading crypto has surged substantially over the past year, reaching constant new highs, its recent gains have been overshadowed by another contender. Ripple (XRP) has taken center stage, skyrocketing by nearly 350% since Trump’s election win.
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The timing is important, as Trump’s return to the White House is widely seen as a wholly positive development for the crypto space. The incoming administration includes several crypto advocates among its personnel, hinting at favorable regulations for an industry that has long been at loggerheads with the establishment.
Of particular promise – for both the industry and Ripple specifically — are the changes taking place at the SEC. Crypto opponent Chairman Gary Gensler, who spearheaded the lawsuit against Ripple for allegedly selling XRP as an unregistered security, is being replaced by crypto advocate Paul Atkins.
Adding to the momentum is the buzz around Ripple’s new RLUSD stablecoin. Approved by the New York State Department of Financial Services (NYDFS), RLUSD aims to challenge established players like Tether’s USDT, further fueling enthusiasm among investors.
With Ripple being focused on cross-border payments, top investor Anders Bylund, who ranks among the top 1% of TipRanks’ stock pros, notes that the stablecoin will make the border-crossing payment experience “even smoother.” “It should also inspire new business ideas and financial applications, such as foreign exchange markets and token-based transfers of real-world assets,” Bylund went on to add.
Meanwhile, the XRP network has been attracting new users at a fast pace, with active accounts hitting record highs in early December and an increase in transactions per account.
But the real question is whether after such a big jump, there is any more room left to run. Bylund thinks so, believing there is “serious long-term value in this helpful crypto token.”
“I still think XRP is poised to deliver strong returns in 2025 and continue to rise in the long term,” he went on to add. “The global market for border-crossing payments is measured in hundreds of trillions of dollars per year, and even a minuscule slice of those transactions could make financial behemoths out of XRP and Ripple Labs.”
Beware, however, that the ride will in no way be a smooth one. Crypto is famous for its volatility, a characteristic that is unlikely to change anytime soon. Yet, for those willing to handle the ride, Bylund thinks loading up a few low-priced tokens right now “could serve you well over the years.” (To watch Bylund’s track record, click here)
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Disclaimer: The opinions expressed in this article are solely those of the featured investor. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
