Ripple (XRP) Developments, Cardano (ADA) Bullish Predictions and More: Bit Roundup January 10

TL;DR

Ripple’s stablecoin RLUSD gained adoption from major exchanges such as Bitstamp, which offers multiple trading pairs. Cardano’s ADA recovered to $0.97, with analysts predicting future highs between $6.45 and $7. Bitcoin (BTC) fluctuated from $102,000 to $92,000, now at $94.5K, with predictions of up to $500K by 2025. What’s new around Ripple?

Ripple, the company behind the popular XRP cryptocurrency, continues to make big waves in the digital asset space. Last month, it officially launched a stablecoin pegged 1:1 to the US dollar, called RLUSD.

The product caused great excitement throughout the community and was supported by many leading crypto exchanges, including Uphold, Bitso, Bullish, Moonpay and others.

As reported by CryptoPotato, the latest to jump on the bandwagon was Europe-based Bitstamp. The entity added RLUSD to the Ethereum network, describing it as “a robust solution designed for institutional-grade financial use cases.” The exact trading pairs available to users are RLUSD/EUR, RLUSD/USD, RLUSD/USDT, RLUSD/BTC, RLUSD/ETH and RLUSD/XRP.

Earlier this week, Ripple president Monica Long said that people should expect other well-known crypto exchanges to incorporate the stablecoin “imminent.”

ADA forecasts

The cryptocurrency market experienced a substantial pullback in recent days, with Cardano (ADA) among the most affected tokens. Its price dropped from $1.14 on January 7th to $0.88 on January 9th. The sector recovered some of the losses in the last few hours and ADA rose to the current $0.97 (according to data from CoinGecko).

ADA price, Source: CoinGecko

Meanwhile, numerous analysts believe the asset is poised for a real bull run in the near future. Dan Gambardello stated that ADA has “one of the most bullish weekly pattern setups in crypto,” representing an “inverse head and shoulders with an upward sloping neckline.” He assumed that a break to the upside could lead to a rally in prices to $7.

For its part, Altcoin Daily made bullish predictions on multiple cryptocurrencies, predicting the price of ADA to reach $6.45 sometime in 2025.

BTC price changes

Similar to ADA, the major cryptocurrency has also witnessed enhanced volatility recently. Recall that BTC topped $102,000 on January 7th, but bounced back below $92,000 two days later. The bulls managed to regain some ground and as of this writing the price of the asset is above $94,500.

BTC Price, Source: CoinGecko

Despite the significant fluctuations, many X analysts remain optimistic that 2025 will be a very successful year for the cryptocurrency. One popular X user suggested that BTC could shoot up to $210,000 before Valentine’s Day, while another predicted a massive rise to $500,000.

Those who want to explore additional price forecasts and see if now is a good time to enter the ecosystem as investors can watch our dedicated video below:

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