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The approval of $RLUSD (Ripple's USD stablecoin) by the New York Department of Financial Services (NYDFS) has several potential implications for XRP: ๐ Increased Liquidity:** RLUSD's approval could enhance liquidity within the XRP Ledger (XRPL). ๐ Enhanced Ecosystem:** The launch of RLUSD adds another layer to Ripple's ecosystem, providing a stablecoin option alongside XRP. This could drive more adoption of Ripple's technology for cross-border payments and other financial services, where both XRP and RLUSD can be utilized, potentially increasing the utility and demand for XRP. ๐Regulatory Clarity:** The approval signifies a step towards regulatory acceptance of Ripple's products in one of the most stringent regulatory environments in the U.S., potentially easing concerns about regulatory risks associated with XRP, especially given its ongoing legal disputes with the SEC. This could boost investor confidence in #XRP . ๐๐๐Price Impact:** Recent news of the approval reportedly led to a 9% to 10% increase in XRP's price, showing a direct market sentiment impact. ๐ Institutional Interest:** With RLUSD, Ripple aims at institutional clients targeted by XRP Comment your thoughts
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If you hold #XRP๐ , you'll always be the hero in your family. Just remember to stay humble and give thanks to God. ๐
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#XRP army everyday at 3 am:$XRP
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๐จUPDATE๐จ My Take On What Happened Today With #XRP 1. Whales got wind of the #RLUSD release and sold. 2. Price dropped. 3. Market panicked sparking a sell off. 4. Whales bought at a lower price. REPEAT: THEY WANT YOUR CHEAP XRP I REPEAT: DO NOT SELLb$XRP
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How people quitting on #XRP right now look like: The worst time to quit on $XRP is right now Because we are closer than ever! ๐
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