XRP has been a topic of lively discussion on Reddit, with users speculating about its future amid the launch of Ripple's RLUSD stablecoin. Some community members are concerned about the potential impact of RLUSD on XRP's utility, questioning whether XRP will still be necessary for cross-border transactions. One user pointed out, "RLUSD with the XRPL ledger will use XRP as gas, but the burn rate is so ridiculously small, it's negligible." Despite these concerns, others remain optimistic about XRP's role as a bridge asset, with one commenter noting, "XRP is the liquidity. Also, it is the investment."
The community is also debating the potential price movements of XRP, with some users expressing skepticism about market timing strategies. A user advised, "Stop timing markets, it's so silly. Buy what you can afford to buy." Meanwhile, others are hopeful about XRP's long-term prospects, with one user stating, "XRP is going to rise dramatically on the flip of a switch, you want to be holding as much as you can when that happens." This sentiment reflects a broader belief in XRP's potential to revolutionize cross-border payments and its strategic advantage due to regulatory clarity.
Currently, XRP is priced at $2.61, showcasing its ongoing volatility and the speculative nature of the cryptocurrency market.