Ripple has announced exchange partners for its
RLUSD stablecoin, a move that has attracted the attention of investors and analysts. The
SEC continues its lawsuit against Ripple, which some experts surmise might affect the XRP coin's price. Besides,
Grayscale has filed a request to convert its multicoin fund containing XRP into an ETF. Simultaneously, Analysts foresee a promising rally for XRP, with some predicting as high as a 2000% surge. In preparation for the RLUSD launch, some critical moves, such as large volume acquisitions by Ripple's XRP whales, have been reported.
Ripple's new stablecoin, RLUSD, is viewed as a potent challenger to industry giants. In the runup to the RLUSD launch, there have been essential activities, including Ripple investing $25M in Bitnomial's platform, aiming to build a regulated derivatives market for digital assets like XRP. The legal tussle between Ripple and the SEC drags on, and some believe the clarity regarding XRP might only arise by 2025. Meanwhile, XRP continues to show solid performance as large volume investors show increased interest. The SEC's appeal has resulted in a decline in the XRP price, and the request by Grayscale to land an ETF has added a new twist to the ongoing drama. On the flip side, the confidence in XRP remains strong among some investors, amidst the ongoing whirlwind.
XRP Coin News Analytics from Sat, 21 Sep 2024 07:00:00 GMT to Wed, 16 Oct 2024 22:26:07 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor -3
