Ripple’s RLUSD Stablecoin Launch: What It Means for XRP’s Price

Ripple’s RLUSD stablecoin launches December 17, 2024. XRP surged 8% after the announcement, and RLUSD’s integration into Ripple’s ecosystem promises to push it further. Here’s how RLUSD will fuel XRP’s momentum and key price levels to watch:

Chart Analysis

• Daily (1D): XRP consolidates at $2.47, supported at $2.08. RSI at 60.38 signals a pullback to $2.10–$2.20. Target: $2.90–$3.00.

• Weekly (1W): Breakout above resistance with high volume shows bullish strength. RSI at 87.7 hints at a correction, but the trend remains positive. Buy dips around $2.10–$2.30, target $3.50–$4.00.

• Monthly (1M): Volume spike shows institutional interest. RSI above 90 suggests overbought conditions, but bullish momentum continues. Hold for a breakout to $4.75–$5.00 by RLUSD launch.

Immediate Price Impact

RLUSD’s launch on Uphold, Bitso, and MoonPay will boost XRP demand, with more listings adding momentum.

Ripple’s Payment Network Integration

RLUSD’s early 2025 integration into Ripple’s network enhances XRP’s cross-border and DeFi utility, increasing long-term demand.

Regulatory Clarity & Institutional Interest

NYDFS approval signals regulatory clarity, attracting institutional investment and potentially boosting XRP’s price and stability.

Whale Activity & Market Sentiment

Whale data shows mixed sentiment: smaller whales accumulate, while larger ones reduce holdings. Short-term volatility is possible, but the bullish trend may push XRP toward $4.75–$7 long-term.

Conclusion

RLUSD is just the start. While short-term pullbacks may occur, the overall trend remains bullish. With Ripple’s expanding ecosystem, XRP’s long-term potential looks strong. Watch support levels for entry points and prepare for growth ahead.

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