It is interesting to note that the current market situation has still not been able to change the optimistic minds of some experts.
Despite recent selling pressure due to market turbulence, analyst Egrag Crypto predicts a potential rally to $27 for XRP, citing historical patterns.
Independent Reserve has made history as the first exchange in Singapore to list Ripple’s RLUSD, offering trading pairs in SGD and USD.
Stuart Alderoty has urged the incoming Trump administration to resolve the SEC’s lawsuit against Ripple, while XRP holds steady at $2.21 support level.
Cardano’s Charles Hoskinson is cozying up to Ripple Labs in a likely push for partnership.
Ripple’s RLUSD stablecoin is now listed on global crypto exchanges. It aims to challenge dominant players like Tether’s USDT and Circle’s USDC.
With the planned debut of RLUSD on Tuesday and Bitcoin breaking above the $107K price level for the first time, XRP skyrocketed to $2.60 resistance and eyes $4.
RLUSD has sparked intense early demand with bids far exceeding its peg, while XRP gained 5% as excitement builds around the launch.
Unlike other stablecoins, Ripple promises monthly attestations of RLUSD’s reserve to is improve transparency within the crypto market.
Ripple’s CTO David Schwartz cautioned investors about potential volatility and a “supply shortage” following the launch of RLUSD.
A cryptocurrency trader turned $2,500 into $200,000 by leveraging 500x on XRP futures just before a 26% price gain following the NYDFS approval for Ripple stablecoin RLUSD.
Ripple has achieved a significant breakthrough with the New York Department of Financial Services (NYDFS) granting final approval for its RLUSD stablecoin, positioning the company as a major player in the regulated stablecoin market.
XRP recently broke out of a rare and powerful technical formation known as a bullish pennant, hinting at the potential for a massive rally with a theoretical price target near $200.
XRP price is down 13% from its peak of $2.75 last week but traders continue to remain bullish on the altcoin per its technical chart.
Ripple’s CEO criticized 60 Minutes for omitting Ripple’s legal victory and advocating clearer regulations.