A crypto analyst has proposed that Ripple's stablecoin, RLUSD, could drive XRP's price to $5. The theory, based on the Shane Ellis concept, suggests that institutional demand for XRP, facilitated by RLUSD, might create a supply shock, pushing prices higher. The analyst, known as Queen, explained using an AI chatbot that institutions could leverage RLUSD to purchase XRP more efficiently, reducing volatility and enabling large-scale acquisitions.
Since its launch in December 2024, RLUSD has rapidly grown, boasting a market cap of $839 million. It has secured partnerships with major financial entities such as BNY, SBI Holdings, and Revolut, potentially positioning it as a key player in the crypto market.
Ripple's RLUSD Could Propel XRP to $5, Analyst Suggests
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