$XRP up 14% as Ripple prepares to launch RLUSD stablecoin

XRP is up 14% as Ripple prepares to launch its long-awaited RLUSD stablecoin pegged to the US dollar. The price jump is being attributed to growing speculation about the impact of RLUSD transactions on XRP burning, which could increase demand for the token.

Analysts believe that every time RLUSD is used for a transaction, a certain amount of XRP may be burned as part of the network’s deflationary mechanism. This would reduce the total supply of XRP, potentially increasing its value over time. The link between RLUSD usage and XRP burning has sparked optimism as it suggests that increased RLUSD usage could lead to more XRP being removed from circulation, increasing scarcity and demand.

As Ripple’s stablecoin prepares to launch, it has created a perfect storm of enthusiasm, with investors speculating that the burn mechanism could provide additional support for XRP’s long-term value. #USUALSpotPrediction #USUALSpotLaunch #Xrp🔥🔥 #XRPGoal #binance $XRP