Ripple Labs have recently designated 2025 to be a breakthrough year for the company and XRP traders are naturally curious about its potential impact on the price of the token. Analysed data indicate that the year 2021 may turn out to be a crucial one for the further development of the XRP Ledger and even the company’s native cryptocurrency.
Ripple began September with a series of significant developments such as the customary smart contract integration of the XRP Ledger with Ethereum. Furthermore, a blog post featuring the company underlined 2025 as a ‘vital year’ for the subsequent progression, which may possibly be an essential year for the XRP too.
Ripple and Its Future in the XRP Cryptocurrency – What Lies Ahead Until 2025?
Though 2024 was believed to be the turnaround year for XRP particularly after the resolution of the legal battle between Ripple and the US SEC, the asset continues to underperform the expected market outlook. After the lawsuit was dismissed as described above, XRP only rose by around 12% in the following one year, as per the data from CoinMarketCap, much to the disappointment of potential investors.
Nonetheless, Ripple’s predictions for the year 2025 indicate this may not be the case in the near future. The company intends to launch two principal growth strategies concerning the XRP Ledger. The first one is the concept of native smart contracts that are yet in the research stage. These contract structures shall introduce revolutionary changes to the ledger, and this will enhance decentralized development and less reliance on centralized control.
Moreover, Ripple has introduced an EVM sidechain that can help to increase developers’ interest in the project. It is believed that by employing familiar programming tools and languages, the EVM sidechain would apply additional pressure on the ledger, thus encouraging growth and innovation.
All these changes are poised to add more value and relevance to the ownership and use of XRP as an asset. Furthermore, the recent RLUSD stablecoin launched by Ripple presents yet another avenue for the cryptocurrency’s growth. The regulatory cloud has lifted, allowing the company to focus on executing its bold plans for 2025, which could set the stage for significant growth in XRP’s value.
