Ripple Expands Regulated Stablecoin Strategy by Launching RLUSD on L2 Networks
RLUSD Expansion: Ripple is expanding its RLUSD stablecoin onto Layer 2 networks like Optimism, Base, Ink, and Unichain, enhancing cross-chain liquidity and payments while maintaining regulatory compliance.
Wormhole Partnership: The deployment utilizes Wormhole's Native Token Transfers standard, allowing RLUSD to move across chains without synthetic wrapping, thus preserving native issuance control.
Regulatory Compliance: RLUSD operates under strict regulatory oversight, including a New York Department of Financial Services Trust Company Charter, and Ripple is seeking additional federal oversight through an OCC charter.
Shared Utility with XRP: Ripple is aligning RLUSD issuance with the demand for wrapped XRP (wXRP), enhancing liquidity and providing businesses and XRP holders with improved access to DeFi services and payment solutions.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 5 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE 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 stock.
Support, Resistance & Moving Averages From a structural perspective, STABLE 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 $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00245 | 0.00654 | 0.0147 | 0.0237 | 0.0319 | 0.0409 | 0.0491 |
| Fibonacci | 0.00654 | 0.0131 | 0.0172 | 0.0237 | 0.0303 | 0.0343 | 0.0409 |
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