President Ripple finally speaks out about the RLUSD stablecoin and how it will affect XRP

The president of Ripple, Monica Long, recently addressed the impending stablecoin Real USD and its implications for XRP.

In response to questions about the RLUSD debut, Long said that stablecoin and XRP are useful in tandem.

On Friday, XRP maintains a price over $0.47, edging higher.

On a recent episode of The Block Podcasts, Monica Long, president of Ripple (XRP), answered questions from XRP traders on the debut of the stablecoin. Real USD (RLUSD) is the stablecoin that the payment remittance corporation is planning to introduce in 2024.

The stablecoin's function in the ecosystem, Long's thoughts on the Real World Asset (RWA) story, and the institutional shift toward cryptocurrency were all topics she covered.

Monica Long, president of Ripple, discussed the future of the company's stablecoin Real USD and its connection to XRP.

Long said that the stablecoin "complements" Ripple and is "additive" when questioned about the effects of RLUSD on XRP.

Hence, instead of limiting the usefulness of XRP, Ripple's stablecoin is built to improve the story of cross-border financial remittances and smooth transfers.

Although Ripple's payment solutions will still revolve on XRP, the introduction of RLUSD will serve to supplement the altcoin's functionality, as Long noted.


Since March 11, Ripple's value has been steadily decreasing. The alternative cryptocurrency is having trouble breaking over the $0.50 resistance level and may fall another 5% to the $0.4508 support level, which is the same as the low from June 7.

The closest Fair Value Gap, which may be anywhere from $0.4825 to $0.4841, might be reached by XRP if Ripple starts to rebound. Ripple encounters resistance around $0.4955, the 23.6% Fibonacci retracement of the decline from the $0.7440 high on March 11 to the $0.4188 low on April 13, as it continues to climb towards the psychological barrier at $0.50.

#Ripple #xrp $XRP