Cryptocurrencies enjoyed a bright start to the year but that looks to be coming undone as the recent selloff continued Thursday.

But what’s next that could drive XRP higher? Ripple has already launched the RLUSD stablecoin, which is fully backed by cash in the form of USD, government treasury securities, and other cash equivalents. Leaving the broader rally in cryptocurrencies aside, there are a few factors that may trigger the next growth in XRP.

XRP the popular altcoin that is used to facilitate and settle payments on the Ripple platform, rose 2.6% to $2.45. Cryptos have rallied across the board since November on hopes that the incoming Trump administration will further boost the digital coins.

Cryptocurrencies were under pressure Wednesday as traders assessed another sharp pullback. But this slump may be different.