Coinciding with the global launch of Ripple’s stablecoin RLUSD,

It is set to begin trading on Tuesday.

The USD-backed RLUSD is expected to launch on platforms like Uphold and MoonPay, with others joining soon.

Despite the 10% rise in XRP price, the surge in selling threatens to push the price down by 10% to around $2.31. On the other hand, if the selling wave subsides, XRP could see a rally towards its all-time high of $2.90.