Ripple News: Social Media Erupts as XRP Price Predictions Reach $1 Million Amid RLUSD Launch News
Anjali Belgaumkar25 Sept 20242 min read
Ripple is gearing up for the launch of its new stablecoin, RLUSD, which is set to debut soon. Despite the ongoing preparations, some remain skeptical about whether RLUSD will significantly impact XRP’s price. What began as a joke has now gained serious momentum, sparking bold predictions about XRP’s future price.
RLUSD is being developed on the XRP Ledger, where XRP remains the native token. Analysts have said that no new token, including RLUSD, can replace XRP on the ledger. Instead, the introduction of such tokens is expected to enhance the overall liquidity and value of the network, much like how new assets on Ethereum work. Rather than diminishing XRP’s importance, RLUSD is seen as a boost to its ecosystem.
One speculative theory, called the “Million-Drop Theory,” has fueled further excitement. It suggests that if 1 RLUSD is pegged to $1 and tied to one XRP drop (the smallest divisible unit of XRP), XRP’s value could potentially soar to $1 million. While this idea remains uncertain, it has captured the attention of investors.
Crypto Tank wrote on X, “1 xrp has 1 million drops. Once XRP rises in price the drops will come into play in a big way. So if 1 RLUSD=$1 dollar, and 1 RLUSD is paired to 1 XRP drop in the future, then 1 XRP would = $1 million dollars. David was asked this but kinda dodged the question. It’s 100% possible.”
He said RLUSD will equal $1, but XRP is expected to go much higher. When supply is low and prices rise, many people will buy small amounts of XRP. Just like most can’t afford a whole Bitcoin at $60,000 and buy fractions instead, XRP has one million drops. So, one drop could be worth one RLUSD.
This speculation coincides with other developments, including Grayscale’s creation of an XRP exchange-traded fund (ETF), the SEC’s admission that XRP is not a security, and Ripple’s strong banking partnerships. With all these factors at play, many believe 2025 could be a transformative year for XRP.
