Ripple Expands RLUSD Stablecoin to Over 40 Blockchain Networks
- Multichain Expansion: Ripple has expanded its RLUSD stablecoin to over 40 blockchain networks through integration with Wormhole, including Ethereum layer-2 networks like Base and Optimism, achieving a market capitalization exceeding $1.7 billion, which underscores its robust growth potential in the stablecoin market.
- Cross-Chain Interoperability: RLUSD is now capable of native transfers across different blockchain ecosystems via Wormhole's Native Token Transfers framework, enhancing its utility in cross-border payments and tokenization activities, thereby increasing its appeal to developers and institutions.
- Institutional Partnerships: Ripple has established collaborations with Turkish institutions such as BiLira, Bitexen, and Bitlo to provide RLUSD for payments and settlements, further driving its adoption in traditional financial sectors and demonstrating a diversified market strategy.
- Academic Initiatives: Ripple's inclusion of Istanbul Technical University in its Blockchain Research Initiative supports academic projects utilizing RLUSD, indicating its commitment to fostering blockchain research and education, which aims to promote the technology's broader application.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 1 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TOKEN 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, TOKEN 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 $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00194 | 0.00216 | 0.00236 | 0.00258 | 0.00278 | 0.003 | 0.0032 |
| Fibonacci | 0.00216 | 0.00232 | 0.00241 | 0.00258 | 0.00274 | 0.00283 | 0.003 |
About TOKEN
About the author
