Ripple launches stablecoin RLUSD, can XRP rise to $2?
Ripple is going to launch RLUSD stablecoin, and everyone is curious whether this will make XRP price jump up, maybe even reach $2.
Let's take a look at Ripple's RLUSD stablecoin. It has found several partners, such as Bitstamp and Uphold, and they are all ready to work together on this new thing. Although it has not yet been decided when to officially launch it, Ripple said it is waiting for the regulator to nod.
Speaking of XRP price, it is now fluctuating up and down, waiting to break through the two barriers of $0.556 and $0.635. Everyone is watching to see if XRP can take advantage of the east wind to rise after RLUSD is released.
Some people guess that once RLUSD is launched, XRP may jump directly to $1, and if they work harder, $2 is not a dream. But it all depends on whether XRP can get along well in the stablecoin circle, and how capable it is.
However, if XRP and RLUSD have nothing in common, the price may have to fall, and may return to around $0.5.
In general, we still have to wait and see whether Ripple's RLUSD stablecoin can carry XRP. Technical analysis says that it is expected to reach $1 in the short term, but as for $2, it depends on long-term performance.
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