Ripple Completes $59 Million RLUSD Settlement on XRP Ledger
- Settlement Scale Innovation: On April 29, Ripple completed a $59 million RLUSD settlement on the XRP Ledger with a transaction fee of just $0.000188, demonstrating its payment network's capability to handle large-scale cross-border settlements, significantly lower than SWIFT's costs and timeframes.
- Market Capitalization Growth: Since its launch in December 2024, RLUSD's market capitalization has approached $300 million, with Ripple's enterprise payment providers like BKK Forex and iSend actively adopting this stablecoin, further solidifying its position in enterprise-grade financial applications.
- Institutional Application: The $59 million transaction fee would range from $295,000 to $590,000 for equivalent flows on SWIFT, showcasing RLUSD as a more cost-effective and faster solution for corporate treasury operations, highlighting its potential in institutional settlements.
- Dual-Rail Strategy Implementation: Ripple's stablecoin strategy operates alongside the XRP bridge asset model, indicating that its dual-rail approach to institutional settlement infrastructure is effectively implemented, further enhancing network utility and market acceptance.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 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 | 1.237 | 1.291 | 1.354 | 1.408 | 1.471 | 1.525 | 1.588 |
| Fibonacci | 1.291 | 1.336 | 1.364 | 1.408 | 1.453 | 1.48 | 1.525 |
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