Huge news for XRP: “It will be a game changer”

The approval of Ripple’s stablecoin RLUSD from the US has caused the XRP price to rise.

One of the most popular altcoins in the crypto ecosystem, XRP, has risen with the sensational development of Ripple Labs. Ripple Labs announced that RLUSD, which it is preparing to launch, has received a valid rating from regulators and has been approved. RLUSD, which aims to include corporate companies, has become a driving force for the Ripple company.

The XRP price quickly recovered from the decline it experienced the other day. XRP, which rose with the news, has gained over 20 percent since yesterday evening.

Former basketball star Scottie Pippen, who won six NBA championships with the Chicago Bulls, argued that XRP will be a game changer.

Ripple Labs’ stablecoin RLUSD will include corporate companies in the blockchain after regulatory approval. The stablecoin in question is expected to record an inflow of over $ 1 billion. The positive impact of RLUSD has pushed the price of the popular altcoin from $ 1.93 to $ 2.35. Analysts have predicted an increase for XRP.

Former basketball star Scottie Pippen also expects a rally for XRP. Pippen turned the needle to Ripple in the comparison of Ethereum and Ripple. Pippen, who predicts that the ecosystem will continue to grow day by day, predicts that XRP will take over the reins in 2025.

Ripple CEO Brad Garlinghouse emphasized that RLUSD, which received approval from the New York State Department of Financial Services, will be put into service soon.

The approval of RLUSD has excited the crypto community. A user named XRPcryptowolf argued that the stablecoin will make XRP the number one altcoin. Crypto analyst Ali Martinez predicted that $XRP will target $ 8.4.