Ripple Launches RLUSD Stablecoin, Enhancing XRP Ecosystem

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 days ago

Should l Buy XRP?

Launch of RLUSD Stablecoin: Ripple has introduced the RLUSD stablecoin, pegged to the US dollar, aimed at providing financial institutions with price stability and immediate settlement, thereby enhancing its position in the dollar liquidity market.
Complementary Relationship of XRP and RLUSD: While RLUSD and XRP serve different functions, they complement each other within Ripple's ecosystem, with RLUSD ensuring smooth large-scale value transfers and XRP facilitating fast, low-cost international transfers.
Advantages of XRP Ledger: The decentralized exchange options and fast payment infrastructure of the XRP Ledger provide a solid foundation for both RLUSD and XRP, with industry experts noting that this multi-asset environment increases Ripple's operational flexibility.
Changing Regulatory Landscape: With new regulations like the CLARITY Act in the U.S., compliant assets like RLUSD may gain favor among institutional clients, showcasing Ripple's strategic approach to meeting diverse user needs through the synergy of RLUSD and XRP.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) 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 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	1.242	1.294	1.343	1.395	1.444	1.496	1.544
Fibonacci	1.294	1.332	1.356	1.395	1.433	1.457	1.496

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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