Altcoin
Can XRP Become The Cornerstone OF US Global Financial Policy?
As cryptocurrency regulations become clearer in the US, there are suggestions that XRP could lead the US financial resurgence. The comments from US Treasury Secretary Scott Bessent has given life to the theories for future XRP relevance but the spectre of its long-running case with the SEC looms behind.
RLUSD Will Change The Narrative For XRP
XRP’s community is buzzing with optimism that the asset could play a significant role in America’s ambition to keep the US dollar as the global reserve currency. Pundits are hinging their theories on recent comments by US Treasury Secretary Scott Bessent at the White House Crypto Summit.
Bessent confirmed plans to maintain the US dollar’s supremacy but disclosed a changing stance from fiat. According to Bessent, the US will explore other options including stablecoins to keep the dollar’s dominance as the primary currency for global trade.
“We will keep the US the dominant reserve currency and use stablecoins to do that,” said Bessent.
Right out the bat, XRP’s community is tipping RLUSD, Ripple’s USD-backed stablecoin to lead the new financial renaissance. Optimists say RLUSD has raft of positives to justify its bid to spearhead the US stablecoin ambitions.
RLUSD Surging Growth And Regulatory Compliance Gives It An Edge
RLUSD, live on the XRP Ledger and Ethereum, is recording impressive growth metrics in recent months. At the moment, RLUSD has a market capitalization of $140 million, rising by leaps and bounds.
Adoption rates for RLUSD have reached new highs with a 327% volume growth recorded over the last year. Furthermore, its cross-border payments capabilities puts it in prime position but it will have to stave off competition from Circle’s USDC following a string of regulatory victories the Middle East.
Experts are tagging RLUSD as a regulatory compliant stablecoin in the US, noting that the government’s decision to lean on the stablecoin will be “huge” for XRP. Higher RLUSD adoption will trigger an increased demand for XRP as the bridge asset, sending asset prices to new levels.
OCC Clears The Pathway For Increased Adoption
The Office of the Comptroller of the Currency (OCC) has announced that financial institutions in the US can carry out stablecoin transactions. The OCC, via its Interpretive Letter 1183, confirmed the end of Operation Chokepoint 2.o, allowing banks adopt RLUSD for transactions.
The inclusion of XRP in the Crypto Strategic Reserve and Digital Asset Stockpile signals broader regulatory acceptance for the assets. A masterstroke for XRP will be the dismissal of the Ripple SEC case as whales gobble up large coin volumes.
Aliyu Pokima
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto expert Dark Defender predicted that the XRP price could rally to $280, providing a bullish outlook for the crypto. The expert alluded to XRP’s historical performance as to why the coin could reach such an ambitious price target.
Crypto Expert Predicts XRP Price Rally To $280
In an X post, Dark Defender predicted an XRP price rally to $280 as he raised the possibility of the crypto replicating its 2017 bull run performance. In 2017, XRP witnessed a price rally of over 60,000% on its way to its current all-time high (ATH) at around $3.3.
The expert’s accompanying chart showed that XRP could reach this $280 target between 2026 and 2027, although the parabolic rally could begin this year as the crypto looks to replicate its 2017 performance.
Interestingly, crypto analyst Egrag Crypto had also made a similar prediction to Dark Defender. The analyst predicted that XRP could rally to $222 if history repeats itself, alluding to the 2017 bull run.
Coffee-Cup Pattern Shows Rally To $44 Is Possible
In an earlier post, Dark Defender made a more conservative prediction of an XRP price rally to $44 based on a ‘Coffee Cup’ pattern. He explained that this market pattern is a U-shaped formation on a price chart, indicating a potential bullish trend reversal after a downtrend. This pattern typically takes weeks to months to develop fully.
The expert stated that he has paired this pattern with the Elliot Waves, which has given a better picture of XRP’s future trajectory. He remarked that wave 3 is charging toward $5.85 and $18.22. Wave 5 is eyeing $36, while the cup’s depth plus Coffee level is brewing up for a rally to as high as $44.22.
XRP Is Testing Critical Resistance
In an X post, crypto analyst CasiTrades stated that the XRP price is testing critical resistance at around $2.54 and is currently sitting just below the trendline of a consolidation pattern. She further remarked that if the crypto breaks and holds above this $2.54 price level, the next targets are still $2.70 and $3.05.
The analyst had previously highlighted those price levels as the upside targets when she warned that XRP could drop to as low as $1.5 if it fails to hold above $2.42. Meanwhile, in her recent analysis, CasiTrades remarked that she is still leaning towards the idea that the crypto is still in the early stages of Wave 3.
The analyst added that it is just not obvious yet, but once XRP breaks previous highs, the crypto could rally to $9.50 for the official Wave 3 extension. She noted that this aligns with the macro $8 to $13 price target.
Crypto analyst Ali Martinez predicted that the XRP price could soon rally to $5. He stated that if XRP avoids closing below the head-and-shoulders neckline and breaks above the right shoulder instead, it could invalidate the bearish pattern. He added that this move might trigger a bullish breakout toward $5.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
United States President Donald Trump’s much-talked-about crypto summit produced plenty of soundbites and policy plans that will satisfy investors, analysts, and casual observers. One of the most intriguing policy statements came from the US Treasury Secretary Scott Bessent, who called for comprehensive and transparent regulations on stablecoins.
Secretary Bessent further stated that the US government plans to use stablecoins to back up the US dollar and retain its status as the primary global currency reserve.
The White House Crypto Summit on March 7th was the biggest gathering and attracted many crypto personalities. In addition to Trump and Bessent, the White House summit hosted Zach Witkoff of World Liberty Financial, Strategy CEO Michael Saylor, Coinbase co-founder and CEO Brian Armstrong, entrepreneur David Bailey, and investors Cameron and Tyler Winklevoss.
A Gathering For The Planned Crypto Reserve
Friday’s White House gathering focused on conversations on a strategic reserve for Bitcoin and crypto. Trump has already issued an executive order to create a stockpile for other crypto assets. This executive order authorizes the secretaries of Commerce and Treasury to propose “budget-neutral strategies” that can finance the acquisition of additional Bitcoins without passing the burden to taxpayers.
Image: StormGain
Trump reiterated that the planned reserve must not burden US taxpayers. According to crypto czar David Sacks, the reserve shall be built on Bitcoins currently controlled by the US government that were forfeited as part of civil asset and criminal forfeiture proceedings.
Stablecoins To Help Protect US Dollar
Another key theme during the summit was the growing importance of stablecoins, particularly in propping up the US dollar. Trump and Bessent issued statements supporting stablecoins. In his speech, Bessent echoed the president’s plan to end the war on cryptocurrencies. He then turned and talked about stablecoins, and shared that these tokens are part of the financial planning.
In his speech, Bessent admitted that they’re looking at stablecoins and that, upon Trump’s instructions, they will work to keep the USD as the dominant world currency.
Fed Governor Waller Pitches For Stablecoins
Federal Reserve Governor Christopher Waller also supported stablecoins in February 2024. He explained that increasing demand for stablecoins can address or mitigate crypto’s impact on the dollar’s market share.
For Waller, the US can rely on stablecoins by addressing capital controls in other countries and boosting payment rails. Responding to these suggestions, US representatives Bryan Steil and French Hill have already forwarded a stablecoin bill, the Stable Act of 2025, to draft transparent regulations for these tokens.
Featured image from Pexels, chart from TradingView
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Pi Network (PI) is making waves in the crypto community with its explosive growth and increasing adoption. The popular cryptocurrency, which has been a hot topic due to its unique mining model and closed mainnet, is now gaining an unprecedented following on the X social media platform. The cryptocurrency is also rivaling top meme coins like Dogecoin (DOGE), quickly approaching the size of the meme coin’s loyal fanbase.
PI Network Closes In On Dogecoin With 4 Million Followers On X
Pi Network has achieved an incredible milestone by reaching 4 million followers on X, signaling a significant step forward in its rapid rise within the crypto market. This rapid growth and adoption positions the cryptocurrency on the verge of matching or even surpassing the social media presence of Dogecoin which has 4.3 million followers on X.
Since its inception in 2019, Pi Network has captured the attention of crypto enthusiasts, offering user-friendly and mobile-based mining services. This mining activity clearly contrasts with traditional cryptocurrencies like Bitcoin, which require high-powered hardware for mining.
To commemorate its massive growth, the team behind Pi Network took to X on March 5 to announce its milestone of reaching 4 million followers on X. They congratulated community members and PI enthusiasts who helped support the cryptocurrency in hitting this goal.
In addition to its growing adoption on X, Pi Network has become one of the trendiest cryptocurrencies in the market. While other top digital assets struggle with the broader market volatility and experience price declines, the value of PI is surging at an unexpected rate. CoinGecko has ranked PI Network as the number one trendy cryptocurrency in its top 20 list. The popular cryptocurrency has surpassed top dogs like Dogecoin, Ethereum, Cardano, Solana, XRP, Bitcoin, and other major digital currencies.
CoinMarketCap also ranks Pi Network as the 11th largest cryptocurrency by market capitalization, just two positions from Dogecoin’s 9th. This rapid growth to the 11th position underscores PI’s impressive growth in just a few weeks.
Community Advocates For Binance Listing For PI
Rumors of a potential PI Network listing on Binance, the largest crypto exchange, have been spreading across the crypto market. This speculation grows as the crypto community pushes for this integration on Binance.
The PI blockchain on X made a bold request on February 5, demanding Binance to officially list the Pi Network and make it available for trade on its exchange. Calling on all PI supporters and community members, the PI blockchain urged investors and holders to continually advocate for the listing and ensure their voices are heard.
Interestingly, an X user named ‘Satoshi Nakamoto’ reported that 86% of Binance community members had voted in favor of listing the Pi Network. Despite these results and the ongoing pressure from the PI community, Binance has yet to make an official statement.
Featured image from Live Science, chart from TradingView
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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