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XRP’s price action forms a classic bullish continuation structure, with a profit target of around $15.
XRP (XRP) price printed a bull flag on the daily chart, a technical chart pattern associated with strong upward momentum. Could this bullish setup and surging open interest signal the start of the second leg of XRP’s rally into the double-digit zone?
XRP price is up 15% over the last seven days after weeks of consolidation following the altcoin’s rally toward $3.00 in early December. The XRP/USD pair is up 1.5% to its intraday high of $2.44 on Jan. 6, according to data from Cointelegraph Markets Pro and TradingView.
XRP’s potential to rise higher is backed by increasing open interest (OI), which has increased significantly over the last 24 hours.
RLUSD, a stablecoin by Ripple Labs, is pegged to the US dollar, ensuring a 1:1 value backed by cash or equivalents.
RLUSD is a stablecoin developed by Ripple Labs, the organization behind the XRP cryptocurrency. RLUSD, or Ripple Labs USD, aims to offer a stable digital currency for use in transactions and trading.
As a stablecoin pegged to the US dollar, 1 RLUSD is worth $1. The 1:1 peg is maintained with backing for every RLUSD coin. These collateral assets are either US dollar deposits or cash equivalents.
Ripple chief technology officer David Schwartz says investors should not hope for gains on stablecoins as his firm prepares to launch its new dollar-pegged crypto asset. In a new post on social media platform X, Schwartz says Ripple USD (RLUSD) may experience supply shortages in the early days of its debut given the pre-market demand […]
The post Ripple Stablecoin RLUSD May Experience Supply Shortages on Debut, Says XRP Co-Creator David Schwartz appeared first on The Daily Hodl.
Ripple’s RLUSD stablecoin is set for its trading debut on Dec. 17 on platforms including Uphold, MoonPay, Archax and CoinMENA, the company said.
Ripple, the blockchain company behind XRP, confirmed that its Ripple USD (RLUSD) stablecoin will begin trading globally tomorrow, Dec. 17.
RLUSD, a new United States dollar-backed stablecoin developed by Ripple, is set for a global exchange debut, the firm announced to Cointelegraph on Monday, Dec. 16.
The announcement came after the New York Department of Financial Services (NYDFS) approved the RLUSD launch, on Dec. 10, greenlighting the stablecoin’s entrance into global financial and cryptocurrency markets.