XRP’s recent rally has formed a continuation pattern of the trend and is now above $15. The XRP/USD pair fell 2% to a low of $2.3 on December 16, part of a correction that began after reaching $2.90 on December 3. Its value has tripled in the past six weeks. RLUSD Stablecoin Hype Pushes XRP Price Higher XRP has been gaining more attention not only due to its recent gains, but also due to major developments in the XRP Ledger (XRPL) system, including the launch of the RLUSD stablecoin. RLUSD is pegged 1:1 to the US dollar, will be launched on the XRPL and Ethereum blockchains, and will be backed by US Treasury bills and currency reserves. RLUSD will require XRP to cover transaction fees. Georgios Vlachos, the founder of Axelar, said that after receiving approval from the New York Department of Financial Services, stablecoins can be used for transactions and deposits, especially in developing countries. Vlachos said that this will significantly increase the adoption of XRP as a token of payment by 2025. Axelar’s ​​collaborative platform connects XRPL to 69 other blockchains, enabling seamless integration. At the time, Ripple’s chief technology officer David Schwartz warned investors that RLUSD could face supply constraints and price fluctuations after its launch. Schwartz also voiced concerns that the pre-launch offering would inflate the value of RLUSD, explaining that the high price may reflect the novelty of those interested in acquiring the first wave of RLUSD tokens, rather than reflecting the true market value. XRP open interest remains highExpectations of a crypto-friendly regulatory environment under President Trump and the imminent launch of RLUSD are keeping XRP’s future growth in check, with open interest (IO) rising to a new all-time high on December 3. Open interest is a key indicator used by traders and analysts to assess market sentiment and predict future price movements. XRP’s main target is $15Despite the price correction, the XRP/USD pair is well positioned to continue its current trend as the pair displays a classic technical structure and is headed in the right direction. This pattern, known as a “Bull Flag”, occurs when the price consolidates within a descending channel (Flag) after a strong uptrend (Flagpole). The height is similar to the flagpole.

Trump could issue an executive order designating Bitcoin as a US reserve asset, potentially prompting $20 billion in BTC purchases by 2025. Strike founder and CEO Jack Mallers has said that President-elect Trump will issue an executive order on his first day in office designating Bitcoin as a US reserve asset. Will there be a 200,000 Bitcoin purchase order in January 2025? In an interview on YouTuber Tim Pool’s podcast, Marles said that Trump could rely on the provisions of the so-called Dollar Stabilization Act, which gives him the power to protect the dollar. “One day, a transaction order can be used to buy Bitcoin,” Malles said, adding: “It’s not the size and scale of 1 million coins, but it’s a significant opportunity.” Pro-cryptocurrency Senator Cynthia Lummis introduced the Bitcoin Act of 2024 in July, which would have the Treasury Department and Federal Reserve purchase 200,000 Bitcoins per year for five years, for a total of 1 million Bitcoins.The reserve would be held for at least 20 years, reducing the total Bitcoin supply by 5% (21 million coins). This idea has led to several new, higher BTC price targets for 2025 and beyond. Bitcoin price could hit $800,000 by the end of 2025Perianne Boring, founder of the Digital Chamber, said that Bitcoin supply restrictions could boost the price significantly, especially if Trump succeeds in implementing many of his cryptocurrency policies. “If Donald Trump succeeds with the many proposals he has made to the [crypto] community, the sky is the limit because Bitcoin supply is set,” Boring told Fox Business in an interview. He said the stock-to-flow model predicts that the price of Bitcoin will rise to $800,000 by the end of 2025. Such a rise would push Bitcoin’s market cap to $15 trillion from its current value of more than $15 trillion. $2 trillion. PlanB, the creator of the stock-to-flow model, says that by 2025, the average Bitcoin price will be around $500,000. BlackRock recommends allocating 1-2% of a portfolio to BitcoinStock-to-flow model Bitcoin price predictions rely on the assumption that demand for Bitcoin will continue to rise. The US Treasury’s annual accumulation of 200,000 Bitcoins reinforces the idea of ​​strong demand, as other countries may consider creating their own strategic Bitcoin reserves.BlackRock, which manages more than $10 trillion in assets, has recommended that investors allocate 1-2% of their portfolio to Bitcoin. “We believe that investors with the right management and risk tolerance can include Bitcoin in a multi-asset portfolio,” said the four executives, including senior ETF investment manager Samara Cohen and senior investment advisor Paul Henderson at BlackRock Investment Research 12. To put that into perspective, the total global reserve assets are about $900 trillion. In theory, 2% allocated to Bitcoin from this pool would bring the cryptocurrency’s price to $900,000 per unit.

In a move that could bolster the adoption of digital assets, the Czech government has introduced legislation to exempt long-term cryptocurrency holdings from capital gains taxes. Announced on 6 December 2024 by Prime Minister Petr Fiala, the proposal aims to create a more crypto-friendly tax environment while simplifying compliance for smaller transactions. Key Provisions of the Proposal The proposed law includes two major changes that could significantly impact cryptocurrency users in the Czech Republic: Promoting Crypto Adoption Prime Minister Petr Fiala’s announcement marks a progressive step toward integrating cryptocurrencies into the Czech financial ecosystem. By exempting long-term holdings from taxation and lowering the administrative burden for smaller transactions, the government is positioning itself as a crypto-friendly jurisdiction. This initiative aligns with the growing global trend of encouraging the use of digital assets while providing clarity and incentives for investors. Broader Implications The proposed changes could have far-reaching effects: Next Steps The proposal now awaits approval from the Czech parliament. If passed, the legislation could come into effect as early as 2025, setting a precedent for other European nations to consider similar measures. Conclusion The Czech Republic’s move to exempt long-term crypto holdings from taxes represents a significant milestone in the country’s approach to digital assets. By fostering a favorable regulatory environment, the government is paving the way for increased crypto adoption and positioning itself as a leader in Europe’s evolving cryptocurrency landscape. As the world watches, this initiative could serve as a blueprint for other nations looking to balance innovation with fiscal responsibility.