Evernorth Explains the Distinction Between XRP and RLUSD

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 13 hours ago

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Functional Distinction: Evernorth's Chief Business Officer, Sagar Shah, emphasizes that XRP and RLUSD serve fundamentally different roles on the XRP Ledger, with XRP acting as a neutral bridge asset facilitating efficient transactions across various assets, while RLUSD is a dollar-backed stablecoin primarily for dollar-related trades.
Limitations of Stablecoins: Shah highlights that RLUSD's reliance on centralized issuing companies exposes it to regulatory risks and operational disruptions, making it unsuitable as the foundational asset for all ledger activities, thus positioning XRP as a more advantageous option in decentralized trading.
Liquidity and Market Demand: The article notes that XRP plays a crucial role in liquidity pools and decentralized exchange infrastructure, as RLUSD would require pairing with other assets, while XRP's long operational history and strong liquidity naturally fulfill this role, meeting the market's demand for a neutral asset.
Diverse Application Scenarios: XRP's utility extends beyond trading, functioning as collateral in lending markets due to its high liquidity and lack of issuer intervention, while the escrow features of the XRP Ledger facilitate treasury operations and conditional settlements, further solidifying its significance in on-chain finance.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

XRP (XRP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1.164	1.233	1.301	1.37	1.439	1.508	1.577
Fibonacci	1.233	1.285	1.318	1.37	1.423	1.456	1.508

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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