XRP's recent six-week rally has hit a pause, with its price dropping 2% to $2.3 on December 16, following a peak of $2.90 earlier this month. Despite this dip, XRP has tripled in value recently, driven by excitement over the upcoming RLUSD stablecoin on the XRP Ledger. RLUSD, pegged to the US dollar, is set to enhance XRP's use for transactions, especially in emerging markets. Ripple's CTO, David Schwartz, cautions about potential price swings for RLUSD at launch. Meanwhile, XRP's open interest remains high, signaling strong market interest and potential for continued bullish momentum.
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