🚨🚨🚨 XRP surges as Ripple launches stablecoin RLUSD... Opportunity or risk?
XRP has seen massive inflows to trading platforms as the global launch of Ripple's stablecoin RLUSD is announced,
which is set to begin trading on Tuesday.
The RLUSD,
backed by the US dollar, is expected to launch on platforms like Uphold and MoonPay, with other platforms joining soon.
Despite the 10% rise in XRP price, the surge in selling threatens to drop the price by 10% to around $2.31. On the other hand, if the selling wave subsides, XRP could see a rise towards its all-time high of $2.90.
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